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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

BLACKROCK Municipal Income TRUST > The Reverse Split
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Comment by CGC12345678on Oct 31, 2020 1:37pm
103 Views
Post# 31818729

RE:The Reverse Split

RE:The Reverse Split

8 to 1
To stay on NYSE
have more exposure
So based on Friday's close---
Hexo would be $6.72 a share
no rush to buy...company is bleeding

 



 

Here's the show by the vote in December.
 
They will manipulate the stock to make it go up and the day after 8 for 1 the price will crash every day.
 
Incredible 8 to 1, he wants some leeway to take more cash from investors.
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