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

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Post by Youmakemesickon Nov 27, 2020 12:41pm

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Post# 31989831

Reverse split

We all know I have a huge long position in Hexo I love the products and and the drinks are spectacular on sale in all of North America soon
Any way I'm not convinced the R/S is a bad thing , we are in a strong financial position, write downs are over and done, we have a 3.9 million/ quarter burn rate and 189 million in the bank
And a small share float , 60 million in our case , I's always looked on favourably
No need for dilution after the RS
im in at 94 cents Canadian
And EBITDA positive Dec 11

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