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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. 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.


NYSE:BFK - Post by User

Post by RetailInvestor9on May 28, 2021 5:48pm
159 Views
Post# 33291188

Redecan acquisition

Redecan acquisitionDisappointing news and I sold the last of my Hexo/Zena shares today...in a market that is flooded with LPs and oversupply this certainly wasn't a wise acquisition to make...but hey this is the kind of crazy stuff you do when you have a lot of cash and dont know what to do with it..what's even worse is this being touted as a strategy by SSL. I understand that increasing market share is an important aspect of building business but that should not come at the cost of ignoring forward/backward integration opportunities esp in a market like Canada that is suffering from oversupply. The ideal opportunity would have been an acquisition in US or buying out a retailer here in Canada (read HITI). Particularly the latter, as it would have helped increase their market share organically by product positioning. Intergration of these new acquisitions is an area that has been completely ignored. Anyone who runs a business knows who expensive, time-consuming and painful these integrations can be and Hexo just signed up for two of these.. anyway I wish everyone here all the luck (incl all the pumpers and the bashers)..glta
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