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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 Curlyboyon Nov 17, 2019 8:06am
189 Views
Post# 30361385

No warrants extension

No warrants extension

Asked hexo a question about the possibility of extension for the warrants. Received an answer from kathy chow. And it's not a positive one. So for those who have warrants like me, this proves that the direction is not really committed to build trust with there investors. All we are seeing since this summer is SSL as the pumper in chief. Fooling everyone with his 400M$... just to sell his shares. And now they're acting like they will start over.
here's the answer: (in french)
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La convention de bons de souscription prvoyait deux ans pour leur exercice au prix de 5,60 $ l'action, chant le 30 janvier 2020.  Pendant ce temps, le cours de l'action s'est ngoci autour du seuil de 5,60  $, et ce, sur une priode prolonge.  Comme pour tout bon de souscription, la valeur de l'action sous-jacente fluctuera au cours de la dure de vie de la convention et c'est l'une des raisons pour lesquelles la Socit a accord tous les dtenteurs de bons de souscription une longue priode pour exercer leurs bons.  Selon la convention, nous ne prolongerons pas la dure de la convention au-del du 30 janvier 2020.  

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