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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. 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 > Preview of what is coming next
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Post by GentlemanTraderon Aug 20, 2021 11:26am
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Post# 33739776

Preview of what is coming next

Preview of what is coming nextI feel very sorry for all those that are deeply invested in Hexo.... This is a quick preview of what MANY & MANY others would feel in the near future when markets will collapse. A big trend was broken this week and a signal was sent out... 

My only advice is to either move your investment to safer assets and/or legacy companies that are PROFITABLE or sitting $. We are probably in for a very slow recovery after this crash...

Hexo is oversold 5 times the average volume but I still don't see any recovery in the short term. If you are daily trader, you can make some money on the little bounce back but not sur eit's worth the risk,.

GLTA 
Have a great week end.

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