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 > LABS suing HEXO

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Comment by Skateron Jan 27, 2020 6:14pm

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Post# 30605724

RE:RE:RE:LABS suing HEXO

You make a good point about the obligaiton to buy. The $27 million or whatever the commitment was is substantial. I suspect there are arguments to be made for both sides, unfortunately, no value add in any legal dispute. Plus the cost of lawyers just defending.

Hexo has a way out, I just don't think they can do it organically. Cash burn is too high for the amount of cash they have. They need a partner or a buyout. Neither will help move the share price up in the short term. IMO

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