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.

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BLACKROCK Municipal Income TRUST

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Comment by thebiz on Mar 19, 2019 12:39pm

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Post# 29505698

RE:Interesting Hip Warrants

FALSE!

Well... Not entirely. This is mostly correct for the orignal HIP warrants (HIP.WT)
However upon conversion the A warrants (.WT.A) have a strike price of $15.79
Therefore anything you pay for the A warrants upon conversion + the strike price will will = your break even point or "In The Money". Basically if most are loasing up on the A warrants right now (which they should be doing) Hexo only has to hit roughly $18 to be in the money. With the way things are looking my guess would SP around $20 + by end of spring.

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