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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by SupermanLanternon Feb 01, 2018 12:02pm
138 Views
Post# 27480257

good news

good news

Bill C-45 is 134 pages long. We have five months left, 16 weeks of work. That’s about nine pages a week. I believe that most Canadians expect an efficient Senate to be able to get that kind of work done. Especially since, as recently as last month, they saw us pass Bill C-63, the Budget Implementation Act — a complex, 317-page enactment — in just 10 days.

Well, you will tell me, of course, that’s true, but this is a different kind of bill. This bill will, in a way, change Canadian society. I would put it in the same category as, say, the medically assisted dying bill, Bill C-14. Counting pre-study, it took us two and a half months to study and pass Bill C-14. Would anyone dare say we did not do a thorough examination of that bill? Again, we have five months to study Bill C-45, twice as much as we had for the medically assisted dying bill.

The introduction of Bill C-45 gave me the opportunity to read the report of the Senate Special Committee on Illegal Drugs. I did so bearing in mind the kind of man its chair, Pierre Claude Nolin, was. Senator Nolin was a Conservative — a conservative of party and of principles — a wise, pragmatic man who would not have endorsed the legalization of cannabis had he not been absolutely convinced, after careful consideration, of the futility and the harmfulness of prohibition.

Colleagues, I don’t expect that you will be influenced by the mundane speech of a rookie senator. Instead, I ask you to stop and reflect on these wise words that Senator Nolin left us in his historic report:

. . . the continued prohibition of cannabis jeopardizes the health and well-being of Canadians much more than the regulated marketing of the substance. . . .

It is time to recognize what is patently obvious: our policies have been ineffective because they are poor policies.

Thank you.

(On motion of Senator Martin, debate adjourned.)

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