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 > Quick coles notes

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Comment by Keeleron Aug 31, 2021 12:45pm

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Post# 33788207

RE:RE:Quick coles notes

Sure queerlash - except that doesn't explain why the share price had dropped from $14 in February to $3.16 today.
The public offering was just one part among a lot of poor management decisions, starting with spending $255 million on Zena a pos bankrupt Canadian company instaed of a vertically integrated US MSO

quinlash - (8/31/2021 12:22:01 PM)
RE:Quick coles notes

When the public offering was announced we seen some heavy selling and the 52 week low was broken. I am betting there were a bunch of stop-losses set aronud that price point which resulted in even more selling and then additional panic selling on the part of retail.

JMHO

Q

Moneycat wrote:Thinking of jumping in....what am I missing. The public offering last week that closed was at 2.95 US....that would be around 3.70 Cdn. And with the deal closing yesterday why is this down around 3.15?? Can someone give me some quick coles notes on it...thx

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