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 > Article: Billionaires and Cannabis Stocks -> HEXO

<< Previous

Bullboard Posts

Next >>

Comment by quebec4everon Aug 28, 2020 8:31am

77 Views

Post# 31468593

RE:Article: Billionaires and Cannabis Stocks -> HEXO

quinlash wrote: Hang in there longs, patience is needed for the markets.

Clips from Article:

Unfortunately, Wall Street and investors overlooked the fact that every next-big-thing investment needs time to mature. For the past 17 months, growing pains have walloped marijuana stocks, with supply issues persisting throughout Canada and high tax rates on legal product in select U.S. states making it difficult for licensed producers to compete against the black market.

But the tide may be shifting.

Two weeks ago, Aug. 14 marked the deadline for money managers and companies with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot of what the smartest and richest money managers were up to in the most recent quarter -- in this case, the highly volatile second quarter.

One interesting data point that stands out is that billionaire money managers added to or opened a stake in a number of cannabis stocks. Innovative Industrial Properties, GrowGeneration, Aurora Cannabis, HEXO, GW Pharmaceuticals, Scotts-Miracle Gro, OrganiGram, and Tilray all saw their aggregate ownership by 13F filers increase in Q2 from the sequential first quarter.

Link to Full Article:
https://www.fool.com/investing/2020/08/28/the-only-2-cannabis-stocks-billionaires-sold-in-q2/