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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

Post by Trevor876on Aug 24, 2021 4:33pm
164 Views
Post# 33756162

Where we are

Where we areI think once this Redecan deal is done, FINALLY, the Fortune 200 CPG partner is announced and their plans for California are commuicated this will be a very attractive investment at this price point. Basically they are communicating $230 million a year in top line revenue but boast a $450 million market cap. Most comapnies are 10x plus, not including their recent $140 million bought deal which goes right into the cash pile to accompany any other cash they have, which is $80 million I believe. 

Plus they are number 1 in Canada in terms of recreational sales, at 17%, with the Redecan acquisition, and planning on expanding Redecan's products to to other areas. 
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