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 > Why 8 to 1 and not something smaller like 2 or 3 to 1?

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Comment by CGC12345678on Oct 30, 2020 12:31pm

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Post# 31813509

RE:RE:RE:RE:RE:RE:Why 8 to 1 and not something smaller like 2 or 3 to 1?

mgt wants the price of the consolidated shares to be as high as possible so they can keep doing financings to fund operations. i think the story that it's to protect the u.s. listing is misdirection, the bottom line is these guys are retooling to start issuing more shares to fund money losing operations.

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Look at ACB from the reverse split the price is ALWAYS going down.

The problem is the administrative management of the company.

HEXO reminds me of Nemaska Lithium with a very bad administration they made bad choices and spent the shareholders' money.

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