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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

Post by Davidtepperss62on Jun 11, 2020 8:36am
108 Views
Post# 31137632

Fears of a second wave of coronavirus in the United States

Fears of a second wave of coronavirus in the United States
There is a growing concern that the rapid reopening of many American states will result in a second wave of Covid-19 virus infections, which would likely cause even more economic damage to a country already in very serious recession, with millions of unemployed.
A few days ago, a senior official from the World Health Organization, Dr. Hans Kluge, warned that the pandemic was not over and that it was now "time to prepare, not to celebrate".
With that in mind, Bloomberg said Texas had 2,504 new cases of coronavirus on Wednesday, the highest total in a day since the onset of the pandemic. Florida also recorded 8,553 new cases this week, the highest number over a seven-day period, while hospitalizations in California are at their highest level since May 13 and have increased in nine of the past ten days.
"A new wave is coming to parts of the country," said Eric Toner, researcher at the Johns Hopkins Center for Health Security. "It's small and distant so far, but it's coming."
The Organization for Economic Co-operation and Development on Wednesday only warned that global growth will contract by 7.6% in 2020 if there is a second wave of Covid-19 infections, a bigger blow than the drop in 6% she had predicted without a new wave.
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