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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 MisterMontrealon Mar 13, 2019 8:20pm
185 Views
Post# 29482606

RE:So here's a question

RE:So here's a questionMy understanding that it's locked in at the equivalent of .063 HEXO shares for each Newstrike Share. 

Basically if you own 10 000 Newstrike Shares they will be turned into 633 HEXO Shares when the deal goes through. If you buy the 10000 Newstrike shares at $.50 or at $.60, no matter what happens they will be the same 633 HEXO Shares. 

Running the numbers:

I buy 10000 HIP at-

$.50 = $5000
$.60 = $6000
$.70 = $7000

633 HEXO at-
$8 = $5064
$9 = $5697
$10 = $6330
$11 = $6963
$12 = $7596

... and so-on. 






Bullboard Posts
Dealroom for high-potential pre-IPO opportunities