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

BLACKROCK Municipal Income TRUST > Right now I'm worried about where we stand < $$ >

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Comment by quinlashon Apr 06, 2020 12:27pm

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Post# 30883277

RE:Right now I'm worried about where we stand < $$ >

The news articles out on the QTR report do not appear to have the burn rate well defined. If you tear apart the last report, as well as the prior report, you get a much better picture of how much money they should need each quarter. Wild card is extra cash coming in from increased sales from virus hoarding and what (if any) additional expenses they may need this quarter for any new product rollouts.

Q

INVINCE wrote: Current Date April 6 2020
As of January 31 2020 Hexo Corporation held cash, cash equivalnts & short term investments of just over $81 ML

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