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.

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BLACKROCK Municipal Income TRUST > Reverse split will be announced in the financials

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Post by VeritasVernon Oct 29, 2020 1:36pm

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Post# 31804349

Reverse split will be announced in the financials

There was a runup of the share price before the last quarter results and then a significant pull back to current prices. This time if the financials show continued losses expect a sell off to where? Perhaps 72-82? Clearly they will announce the reverse split today as they will have no choice or get delisted on the NYSE. This is the risk, are you prepared for more losses?

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