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 > Not sure if anyone saw this yet

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Comment by Jefe127on Nov 03, 2020 5:42pm

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Post# 31833879

RE:RE:RE:Not sure if anyone saw this yet

Touran77 wrote:

quinlash wrote: Seen it already and I will say the same thing i said before. This is in reference to HEXO's ability to use a Line of Credit if they should happen to need more money. HEXO reported $185 in cash, their 2021 Q1 Report is Expected out Dec 16th 2020.

I do not see HEXO needing to draw an additional 15 Mil by then but everyone can look over the QTR reports themselves to determine that for themselves.

Q

Stego67 wrote:
On Thursday, HEXO (HEXO.TO)(HEXO) became the latest major Canadian pot company to run afoul of terms imposed by lenders. The company reported quarterly net revenue of $27.1 million, falling just shy of the $28.4 million required to draw on a $15 million term loan from a syndicated credit facility led by CIBC and Bank of Montreal. According to financial filings, those funds are no longer available to the company.

Agreed, good DD again quin.