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 > Fun Facts on the Acquisitions

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Post by Keeleron Sep 14, 2021 10:41pm

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Post# 33859945

Fun Facts on the Acquisitions

taken from the last quarterly financials for each company - as found on SEDAR.

48North Zena Redecan
Cash $1.4 million $4.4 million $2.8 million
Total Debt $20.3 million $125.7 million $128.7 million

Combined Totals:
Cash on Hand: $8.6 million
Debt $274.7 million

If you add Hexos debt of $ 126.1 million at the end of the last quarter,
the new combined debt of the companies is a staggering $400.8 million,

PLEASE NOTE: Redecan had less than $3 million Cash and $129 million in debt.
Do you still wonder why they took $400 million cash instead of shares from anotehr company?

Say hello to anotehr financing!

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