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 > Public Offering Again??

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Comment by quinlashon Aug 19, 2021 5:05pm

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Post# 33734843

RE:RE:RE:Public Offering Again??

The NR clearly states that this is a revision to the original Base Shelf, not in addition. We all knew that they were going to raise capital in order to fund the Redecan Deal. The CEO notes in the Cannacord Conference that (combined with Redecan) HEXO would have reported 153 million in sales on last report. Once Redecan is signed off, HEXO will be pulling in those numbers.

The shares needed to close the deal are nothing in comparison to what HEXO is getting for those shares. This becomes easier to see when you are keeping up on your price to sales ratio calculations.

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