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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 > Press Release coming Thursday......
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Comment by Bankableon Aug 05, 2020 9:09pm
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Post# 31370290

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Press Release coming Thursday......

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Press Release coming Thursday......Please dont misquote me. Look at my posts, I didnt write "registered are never taxed"
Rothchildish wrote: What he said is that registered are never taxed. Never means never. I showcased 2 exemples where the NEVER is smashed to pieces. Also, the issue came from someone who wants to purposely OVERCONTRIBUTE. If you cant connect the dots the CRA will and theyll take you for a ride. The difference between fraud and a honest mistake is intention. Knowingly going over the limit to make big gains shows intent.
HARJAY wrote: This argument is over two different situations on how  " investors " use TFSA's. Bankable is refering to the acceptable way you use a TFSA , which is for investing . Childish is rerering to the misuse of TFSAs using them to day trading , sophisticated uses of  "swaps "and other non normal investing techniques etc. If you bought a stock  like shopify or some other co. that had huge success ovr time ie. a pharma co. that came out with a fantastic drug, a jr. gold co. that hit the motherlode etc. , i don't believe CRA would have a issue with that . BUT if you use your TFSA as a trading  buisiness or use fancy methods that are out of the norm they do regard that as misuse of what the TFSA was intended for. The long term investment / savings vehicle is is suppose to be.

if you where both on the same pg. there shouldn't be any argument about this , my personal view is Childish chooses to highlight the misuse to justify his view but thats not what TFSA 's were meant for. and Bankable has got the rules correct..
If you use  it right no tax is payable on  gains made legitimely.




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