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 Don2018on Oct 23, 2019 2:10pm

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Post# 30260183

RE:RE:I say this is a good business

Johnsnow99 wrote: The 70M loan is all the profits executives made from trading back in May. They just took money out of the company and reinvested in for a guaranteed 8% per year plus a 115% premium to pay off the 70M. I think you're missing the point

And the conversion price is 40% below the share price when they were finalizing this deal?
WTF?

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