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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. 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’s investment policies provide that the Fund 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 (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax). Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by Soccerguyon Dec 11, 2020 9:57pm
449 Views
Post# 32092034

Just a thought....

Just a thought....Tell me if I'm crazy....this week SSL changed his mind from an 8-1 to 4-1 reverse split. Part of the reason I'm sure is that we have been in compliance for well over a week. My thoughts are earnings will be very good on Monday sending the stock upwards to the 2.50-3 range in the near future.  Then when the reverse happens we will be standing at about 11-12$ and will not have to worry about delisting from the US market. If earnings are bad this will go down sub a dollar to let's say 70cents and the 4-1 ratio wouldn't have really made sense as 8-1 would have been more attractive. So, with that being said I feel good for Monday in my opinion. If not... hope for a miracle and hold. Lol. Happy Friday. 
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