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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

BLACKROCK Municipal Income TRUST > Reverse Split?
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Post by Danf88on Jun 14, 2020 3:17pm
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Post# 31148729

Reverse Split?

Reverse Split?Hello everyone 

im just curious your imput as to why HEXO didnt do a reverse split with shares (like Aurora did) to ensure they dont get delisted?. This wasnt a surprise for the company as they were put on notice and had a timeline to ensure the price was above 1usd. 

is this a blunder by management ? i dont forsee it being a good thing to be delisted for 1 year especially with the potential of the USA changing its Laws from a federal level. 

 
 
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