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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

Post by Bankableon Dec 06, 2020 8:54pm
243 Views
Post# 32047215

Compliance...

Compliance......on the NYSE Is not closing above US$1.00 for 30 days consecutively like some may misunderstand.
"Under the NYSEs rules, the Company can regain compliance with the Price Listing Standard and avoid delisting if, within six months from the date of the NYSE notification, its common shares have a closing price on the last trading day of any calendar month and a concurrent 30 trading day average closing price of at leastUS$1.00per share.
https://www.sec.gov/Archives/edgar/data/1690947/000117184320003706/exh_991.htm
HEXO closed at US$1.12 on November 30th...
https://finance.yahoo.com/quote/HEXO/history/
...and have a chance to achieve a concurrent 30 trading day average closing price of at least US$1.00 before the 16th. Still a split coming? Do your own due diligence, don't let others do the thinking for you. Hold strong, even with a split good numbers are coming and we will see healthy gains.
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