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 > The Reverse Split

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Comment by CGC12345678on Oct 31, 2020 6:41pm

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Post# 31819223

RE:RE:RE:The Reverse Split

That just shows u how deconnected the market was towards the industry. They paid $260M for Newstrike.... That's the current market value of Hexo. They will need more financing, 2 ongoing lawsuits, many constraints on distribution, limited market, deep recession, no profit/dividends, unattractive board of directors...Many headwinds to overcome in the whole industry. It doesn't make it very appealing at the moment. Let's just say that I'm in no rush to get back in but I feel the pain for the investors that went heavy in Hexo. This is a rough patch to go through...

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Thank you Gentleman

Great your writing, finally someone who has compassion for people like me investors who lose a lot of cash with HEXO.

Normal that I am disappointed in loss of +/- 20K this represents after tax 35k.

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