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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 CougerMilkon Sep 19, 2020 6:15pm
242 Views
Post# 31587679

Hexo buyers

Hexo buyers
Q4E: these bashers aren't shorters, like Vern. They are Hexo investors who sold their shares on Thursday and Friday, hoping that the market would take a dip. It hasn't. They now have that cash which they want to use to buy Hexo stock again. So, they are bashing Hexo with the hope of a dip and intention of riding it back up to here or higher. They know Hexo's a sure bet. That's why they are here. The market might give them that chance or it may just leave them in the dust. Who knows. But, I expect to look back, long after Oldtimer retires, to think of the days you could pick up Hexo for around a dollar. Maybe I will remember those who fretted about what the share price would do on a Monday - whether it go up or down a few cents. But, I probably won't.
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