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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

BLACKROCK Municipal Income TRUST
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Post by korpfuon Feb 15, 2018 10:03am
131 Views
Post# 27564277

Bought Deal

Bought Deal
Anyone have any insight to the bought deal?  They raised a signifigant amount of money pretty quickly. 
Was this money raised for a specific purpose or raised on the assumption that this is the amount of money they estimated they would need for expansion?

It just seems like a specific amount that was intended for a specific purpose.  Any thoughts?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities