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 > Hexo Corps Impairment losses didn't specify the cause?

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Comment by INVINCEon Mar 30, 2020 9:26am

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RE:RE:Hexo Corps Impairment losses didn't specify the cause?

Not as scary as sounds you say? Like I said before net revenue is controlled by Hexo Corps moves. Impairment charges reduce equity possibly triggering themselfs into loan defaults. Most smart loaners of money will expect the receiving company to maintain and promise certain operating ratios otherwise the receiver can be in default of the loan agreement. If Hexo Corp is one of the above cases it could be deeply in trouble. Hopefully Hexo Corp is smarter then they look and this situation will be temporary

Jami accounting advisor from KPMG once said this is done when the assets fair value or ability to generate cash fails.

So what he is saying about any company in this situation is an impairment charge is generally an indicator of adverse business conditions

quinlash wrote: Impairment is a standard accounting term that everyone should google so that they understand exactly what it refers to. Its not as scary as it sounds. Essentially its a loss of value on assets compared to current market values. The charge likely ties to inventory and some of the Newstrike assets that were aquired. It would be great if HEXO comments on inventory and if any of the excess was drawn down during recent buying with virus scare. Those numbers will not be known until next qtr report in June/July

INVINCE wrote:
Hexo to delay Q2 results, expects up to $280M impairment.
Let Hexo soon tell us why? It's funny that they have chosen the word (impairment). I'm assuming the team figured that (word) would soften the blow and that most shareholders wouldn't know what that word actually stands for.