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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 Jefe127on Oct 15, 2020 12:59pm
132 Views
Post# 31721796

"we want to play in that top-2 position"

"we want to play in that top-2 position"

Pablo Zuanic -- Cantor Fitzgerald -- Analyst

All right. And one more, just remind us what percentage of your sales came from the Quebec province, if you can disclose that, for the quarter? And also characterize how Quebec performed in market in -- post the March pantry loading in April, May, even June, compared to other provinces. Right? Apparently, against the restrictions, the market performed better, but just some more color there in terms of the last three months for Quebec versus rest.

Sebastien St-Louis -- Co-founder and Chief Executive Officer

Yeah, I mean Quebec is still our primary market, over 80% of our sales are -- were in Quebec this quarter, and because we've kept that as our top-top priority market. But that was also capacity constrained historically. That capacity constrain is largely lifted now, as you will see us starting to roll out, as I mentioned, in other markets, but we're being selective to make sure that if we do go into a market, we want to play in that top-2 position.

read the last report (June 2020) transcript here: https://www.fool.com/earnings/call-transcripts/2020/06/11/hexo-corp-hexo-q3-2020-earnings-call-transcript.aspx

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