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

BLACKROCK Municipal Income TRUST > Question: Redecan

<< Previous

Bullboard Posts

Next >>

Comment by quinlashon Jun 22, 2021 9:17am

68 Views

Post# 33426279

RE:Question: Redecan

Redecan does not require a vote - correct

Shares issued to Redecan will be restricted for trading for 2 years, correct (means those within Redecan getting HEXO shares cannot trade, has nothing to do with current HEXO shareholders)

Closing I believe is expected in the Sept timeframe. We have yet to vote on the deal yet ourselves so nothing coming in days or weeks on that front. Hopefully we see voting packages out in the next few weeks

The upcoming deal we are waiting on is the 48-North vote and getting their operation consolidated with HEXO. That one we may see news on in the next week or 2

Jimmy713 wrote: Any of the following misunderstoob??

1) I understood that no voting is required from Redecan. However, Hexo shareholders are required to approve the deal by majority.

2) Hexo shares received by Redecan are restricted for 2 years, exception of small portion per month.

3) Redecan deal is expected to close any minute/hour/day from now