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 - WHY STAY ON NYSE?

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Comment by Bullchart1on Oct 30, 2020 2:14pm

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Post# 31814069

RE:REVERSE SPLIT - WHY STAY ON NYSE?

TRUTH.. right you are. Expect at least a 25% drop after the consoladation. AQnd when they do start trading 5-6 dollars , watch NYSE have thewir fun with the 50-60 million shares post consoladation.

Quietinvestor wrote: If HEXO wanted more insitutional investors to continue to grow through new prospectuses/offereings (it does not have many now and needs them to bild the company), it needed to have a share count that was attractive for institutional investors who want control.

IMO that is why they went for 8:1 RS. I would not be surprised if they had approached Fortune 500 companies, including MOLSONS about buying into the company and were told "sorry too many shares 662M and you are about to be delisted". The costs to remsin on the NYSE are the highest which is why Aphria went to NASDQ - HEXO could have done the same.

Once the dust settles and the share prce drops after the RS which it will, e.g. MOLSON might then come in and buy 60M shares giving it a major stake in the company and ask for a seat at the BOD - something investment firms like TRIAN and others do.

But to make the magic happen, we need many fewer shares.

Fo your own DD.

GLTA