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 > Trash

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Comment by mydogchachon Apr 06, 2021 9:31am

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Post# 32940633

RE:RE:RE:RE:RE:RE:RE:RE:Trash

ArnoldLayne - (4/6/2021 9:18:05 AM)
RE:RE:RE:RE:RE:RE:RE:Trash

One cannot use an all stock transaction and put a price tag to that. Market exuberance is not accountable. Thats why company go in all stock transaction. If you dont understand that, you shouldnt bother to comment

mmm, Hexo assigned a value of $235 million.
But if you take the 20 million (or so) new shares that converted from Zena - and
multiply that by the current share price of $ 8.24, isn't that $ 165 million in shares?
Or do you think converted shares have no value if they're sold?

$400 million sales with the Newstrike deal, $400 million now with the Zena deal - I guess that means HIP earned zero sales.
$ 235 million for Zena, $265 million for Newstirke - total $495 million cost
You're right, I guess I don't understand.

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