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. 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’s investment policies provide that the Fund 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 (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax). Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST

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Post by PotLuck444on May 20, 2020 9:52am

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Post# 31050798

Hexo prices $50.04M public offering at above market 90 cents

2020-05-19 09:03 ET - News Release

An anonymous director reports

HEXO CORP. ANNOUNCES C$50 MILLION UNDERWRITTEN PUBLIC OFFERING

Hexo Corp. has priced its previously announced overnight marketed public offering of units of the company at a price of 90 cents per unit. The underwriters for the offering have agreed to purchase 55.6 million units from the company for total gross proceeds to the company of $50.04-million.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will be exercisable to acquire one common share of the company for a period of five years following the closing date of the offering at an exercise price of $1.05 per warrant share, subject to adjustment in certain events.

Canaccord Genuity Corp. and Canaccord Genuity LLC are acting as the lead underwriters for the offering, together with a syndicate of underwriters.

In addition, the company has granted to the underwriters a 30-day option to purchase up to an additional 8.34 million units offered in the offering on the same terms and conditions.

The company expects to use the net proceeds from the offering for working capital and other general corporate purposes.

The offering is expected to close on or about May 21, 2020, and will be subject to market and other customary conditions, including approvals of the Toronto Stock Exchange and the New York Stock Exchange.

The units will be offered pursuant to a prospectus supplement to the company's amended and restated short-form base-shelf prospectus dated Dec. 14, 2018, to be filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada, and with the U.S. Securities and Exchange Commission as part of the company's registration statement on Form F-10 under the U.S./Canada Multijurisdictional Disclosure System (MJDS).

Copies of the prospectus supplement, following filing thereof, and the base-shelf prospectus will be available on SEDAR and on EDGAR and a copy of the registration statement will be available on EDGAR. Copies of the prospectus supplement, following filing thereof, the base-shelf prospectus and the registration statement may also be obtained in Canada from Canaccord Genuity Corp., 161 Bay St., Suite 3000, Toronto, Ont., M5J 2S1, and in the United States from Canaccord Genuity LLC, 99 High St., Suite 1200, Boston, Mass., 02110, attention: syndicate department, by telephone at 617-371-3900, or by e-mail at prospectus@canaccordgenuity.com.

About Hexo Corp.

Hexo is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.

We seek Safe Harbor.