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 > ATM offering is NOT over until 2023

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Comment by Zaybureon Sep 22, 2021 10:04am

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Post# 33897828

RE:RE:RE:RE:RE:RE:ATM offering is NOT over until 2023

Agree I don't know, but that is the least reassuring. Investors want to know.

Touran77 wrote:

Zaybure wrote: The problem is you are providing irrelevant info, and therefore misleading. My post was about the ATM. Your reply was about debentures and other stuff. The only relevant thing in your post in regard to the ATM was the 45M. We are far from raising 150M the intended target, and therefore my initial post stands: there will be more shares issued, and more dilution. if you disagree, say so and why.

quinlash wrote: I am not confusing anything, I simply provided an extract from the Call Transcript. I trust that you have been reading all of that material over if you are actually holding shares of the company.

Zaybure wrote: You are confusing the ATM (May, 11) with the PO ( Aug 20). The PO was announced to be closed ( Aug 24). There hasn't been any announcement on the ATM being closed, so it is still going on. Hexo has about a year and a half to exercise its ATM of $150M. So far they have acknowledged raising 45M, representing 30%.

quinlash wrote: Taken from 2021 Q3 Earnings Call Transcript

We raised CAD45 million off the back of our at-the-market offering. We are only branded for about nine days between the filing of the prospectus supplements and the — as we led up to the possible announcement of a definitive agreement to purchase Redecan. We also raised an additional CAD395 million of net proceeds through the issuance of a secured convertible debenture in relation to the Redecan acquisition. We’re currently sitting with about CAD194 million in cash in our operating accounts, and have another CAD275 million sitting in escrow waiting on the Redecan transaction close

HEXO CALL TRANSCRIPT LIBRARY

https://seekingalpha.com/symbol/HEXO/earnings/transcripts

You have no way to tell how much more as they haven't provided an update since the 45M.
Could be over and will be announced tomorrow.
Could be close to be over.
Could be at 45M still.
You just don't know.

Tonto