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 Fails To Meet NYSE Requirements, Mulls Consolidation

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Comment by SaltyJimon May 13, 2020 5:59pm

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Post# 31024741

RE:RE:Hexo Fails To Meet NYSE Requirements, Mulls Consolidation

Do you think when they did their recent raise at .78 cents that this wasn't discussed?

They should delist anyways, it costs material $ amounts to be listed on NYSE or Nasdaq. Those funds should be better saved for the balance sheet.

Also, if they are delisting, wouldn't US shorters be required to cover?

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