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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 > Share consolidation
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Comment by felix10on Nov 13, 2020 1:38pm
135 Views
Post# 31896149

RE:RE:Share consolidation

RE:RE:Share consolidationNot sure if you are serious or not, but the 1 for 8 share consolidation means just that....for every 8 shares you own, you will get 1 NEW share in exchange. For example, if you now own 8000 shares worth $1 each, after consolidation, you will own 1000 shares worth $8 each. The idea is to look more credible and attract more investors by not being a penny stock. But usually that kind of move doesn't help. More likely, the price will fall further after the consolidation.
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