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 > RS - down she goes

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Comment by VeritasVernon Dec 23, 2020 10:53am

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Post# 32169075

RE:RE:RS - down she goes

Actually Touran, more accurately I have been saying way back with HIP and then Hexo that this was risky. Based on that it has declined 80-90%, that would be more accurate if you want to get technical

Touran77 wrote:

VeritasVern wrote: Some were warning you that down this was the most likely direction. Now it has lots of room for further declines. Experienced traders have seen this before.

You have been warning about this since 0.80$ CAD, which means anyone that did not listen to you would be down only if it goes below 3.20$ CAD.