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 > Let's Start a Rumor...

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Post by quinlashon May 20, 2020 11:45am

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Post# 31051604

Let's Start a Rumor...

According the News Release on the recent deal Cannacord is willing to purchase shares at .90 tomorrow however the stock is trading below that. Makes you wonder if news may be pending that can be expected to run the shareprice well over .90 to justiify Cannacord's willingness to pay over current market pricing.

If this is not the case why wouldn't Cannacord not write the deal at the same price of .77 as the last time or just buy the shares on the open market ?

Things that make you go hummm....

Q

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