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 > This is a genius play by the shorts.

<< Previous

Bullboard Posts

Next >>

Comment by quinlashon Feb 11, 2021 12:24pm

79 Views

Post# 32538779

RE:RE:This is a genius play by the shorts.

At some point the shorts need to cover so if they drop the shareprice (even if it costs them money) they will and then buy the shares back for the cover at the lowest price possible. With US legalization starting to get coverage in the media and (reasonable to expect more news at some point) they really need out of the short position.

Prime example of the Golden Rule today IMHO

GLTA

Q

pdcon1 wrote: i would call this a healthy correction many gaps are getting filled. should bounce back as shorts covering now. those who sold are buying again .

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?