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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 bluejay100on Sep 24, 2018 4:23pm
119 Views
Post# 28680581

One good thing about a flat share price...

One good thing about a flat share price...... is that it still bumps up our 50 and 200 DMA, which establishes a level of technical support, for those that believe in these things! It is pleasing that the SP is holding up even in the absence of a NR - in this heated environment, sentiment can change and people can suddenly switch horses.  I am sure some people have jumped ship to Royal Nickel to make a quick buck.  That's one of the types of investor we are attracting. But HEXO held its ground today - and this is really without a massive amount of institutionals coming in.  Once they pull the trigger, the price is going north and will reach a whole new level.
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