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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 9:43pm
94 Views
Post# 31726215

we're going to achieve positive adjusted EBITDA

we're going to achieve positive adjusted EBITDA

Rupesh Parikh -- Oppenheimer -- Analyst
Good morning, thanks for taking my questions. So just going back to your commentary about hoping to achieve positive adjusted EBITDA in the first half of fiscal 2021. As you look at Ontario and Quebec, how many stores are there today and what level do you think you need to see to get to positive EBITDA?

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

Rupesh, I think that, given our market right now, I mean we have decoupled ourselves a little bit from store openings in terms of being able to push forward. Our positive EBITDA is going to come through incremental market share gains out of the existing stores. So, I mean, I don't think it's fair for me to say we're counting on our provincial partners to open stores in terms of us to achieve that. I think we're going to achieve adjusted EBITDA, no matter the store count. The story obviously gets better if our partners open more stores, which they're doing. So we'll just keep an eye on that.

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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