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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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Comment by DaveDavidsonon Jan 21, 2019 7:18pm
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Post# 29262162

RE:50 million is 0.03% to add to the actual shares.

RE:50 million is 0.03% to add to the actual shares.Their current share float is around 200 million

200 000 000x 7.59= 1.518 billion dollar market cap

50 000 000/ 1 518 000 000 =0.03298 this number is on 1 (one being the total amount or 100% of the companies current market cap) you have to multiply by 100 to get the actual percentage

0.03298x100=3.298% NOT .03% It is equivalent to around 7 million shares at todays closing price this isn't huge but its not 0.03%
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