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 > Hexo has to pay another $116 million for redecan?

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Comment by quinlashon Sep 25, 2021 2:16pm

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Post# 33919441

RE:RE:RE:Hexo has to pay another $116 million for redecan?

Not seeing it, the deal clearly stated the cash portion as being $400 million. The cash transfers to Zenabis and 48-north were simply to cover the cost of salary's, bill payments etc until HEXO finished acquiring them and bringing them over under HEXO. Don't forget, HEXO picked Zenabis and 48-North during a fire sale as both those company's were very cash strapped, hense the discounted prices to pick them up.

Any money sent to Zenabis and 48-North can be viewed as internal transfers considering they are all part of HEXO now.