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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 HARJAYon Jan 08, 2020 3:44pm
158 Views
Post# 30531917

Was the dive a little over done ?

Was the dive a little over done ?Anybody wanna comment on the idea that the downward pressure was a tad over done by the  big shorters and now tht its reached this level below  $2 they will now slowly  move it bck up to a level tht it shouldn't hve gone below under normal negtive sector sentiment if the shorters hadn't got a hold of it and  done such a great job of driving it down even further than where it should hve gone down to with just the negtive sentiment and no constant large shorting.

I'll bet in the next 3-6 mths we will see this bck up to the $4 - 5 level without much news and  with positive news in the co. and positive sentiment coming back to the sector  with a greater rollout of stores etc.   $6, 7 , 8 ?

My opinion only !!
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