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 > Daily shortvolume is over 60%....

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Post by fundtraderon Jan 20, 2020 1:31pm

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Post# 30574030

Daily shortvolume is over 60%....

this does not help when they keep on printing shares ..they just got 70m in oct with convertible debenture financing and 45m in the last 3 weeks. Cash position will be over 200m i think. They have reduced work force by 200 and put some facilites on stanby, this will all help in reducing costs as well. Looks like they are doing the right things. Maybe its time to sell the company.

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