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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 > R/S Date
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Post by quinlashon Dec 18, 2020 11:31am
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Post# 32140077

R/S Date

R/S DateHEXO proposed a 8:1 consolidation in order to satisfy NYSE listing requirements and then moved that down to 4:1 prior to voting on it.  We now have that lower ratio approved and it is going through regulartory approval which takes time. 

Considering where we are in the year I would suspect the date for the actual consolidation will go into 2021. It may also be better to do it prior to the start of 2021 Q3 reporting period so late Jan 2021 or Feb 1st at the latest IMHO.

The actual date will be constrained by regulatory approval coming in first and then up to the HEXO Board of Directors as to actual date.

It's Friday, maybe we hear more before start of Monday Trading

GLTA

Q
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