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 > Market cap of $831 million when it touched $1.72 today

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Comment by CougerMilkon Dec 01, 2020 10:47am

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Post# 32009130

RE:RE:RE:Market cap of $831 million when it touched $1.72 today

VeritasVern wrote: Quin its not a case or more smart by not shorting, rather - less dumb by not selling long positoins. clearly there no material news and this pops from 0.95 to 1.72 when the latest financials were mostly a non-event?? There would have to be some big profits involved in a company that has a market cap of $830 million. Hexo is no where near that and highly questionable if they will ever be

It's been tough for Veritas, shorting Hexo at $.50 in March and saying it would be gone by July.

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