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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 NEWBIEVESTORon Dec 13, 2018 10:41am
106 Views
Post# 29109500

Q3 2019 is our big one

Q3 2019 is our big oneFirst expansion was done in June, looks like it takes a full quarter to ramp up to steady production as Hexo only produced 3,550kg from Aug-Oct when I was hoping for the full 6000kg.

but along with the 2,400kg not yet sold and the 6000kg produced Q2 should be over $40million sales. The completion of the expansion will not effect Hexo until Q3 and likely not meet its capacity target until q4 even.

i believed HEXO was progressing a lot faster, still the same expectations just have to wait longer.  
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