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.

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BLACKROCK Municipal Income TRUST > HEXO Warrants HIP-WT-A

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Comment by quinlashon Feb 07, 2021 11:35am

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Post# 32495663

RE:HEXO Warrants HIP-WT-A

One more note on this... there is a CONTACT US option on the CanadianWarrants website. I was going to email them to see if they would comment on the conversion factor for HIP-WT-A to see if they have the latest trading instructions but haven't gotten around to doing it yet.

If someone else would like to take that one on it would certainly be appreciated.

Q

quinlash wrote: Guys,

I updated my spreadsheets but have yet to get around to running the math on the method CanadianWarrants says that they use to calculate fair market value. I will see if I can get that checked off today but I douth it matter too much and here's why:

Canadian Warrants show the warrants as a fair market value of apx $.50 CDN that price and the math behind it is either up-to-date or needs to be adjusted based on the new conversion factor.

At .50 cents if the price is up-to-date then the warrants are severly undervalued

If we consider the price needs to be adjusted and we can likely divide the $.50 by 4 to get a pretty close to accurate number on a revised number so $.50 / 4 = $0.125. Considering the warrants have traded in the range of .025 and .04 recently we can say, regardless if Canadian Warrants has the latest conversion or not.. the warrants are undervalued.

If you research warrants you will learn alot about how they can be big winners over a longer hold period so they are not going to be great for someone looking to buy and flip out in hours, or days. I suspect HEXO will get a lot more attention after the March QTR report and we may see more warrant traders come in and consider the HIP-WT-A play so if you buy at least consider late march / mid-april as a more likely timeline to see higher trading volumes there.

Hope that helps.. I'm still not buying myself... I'm up to my eyeballs on those and have no additional cash allocated for warrant plays.

Let me know if you have any questions. If you need me to run a few numbers for you i don't mind so just PM me and I'll help as I can.

Q