Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Quietinvestoron Sep 29, 2021 5:22pm
498 Views
Post# 33941082

TOUR READ THIS

TOUR READ THIS
Two investors in smoke plant - drug convictions
By Paul Legall and Dan Nolan, The Hamilton Spectator

HAMILTON - Two Hamilton businessmen, pushing for the establishment of a tax-free cigarette plant on the Six Nations Reserve, once ran a major drug smuggling pipeline from Mexico to Canada.

Peter Montour, 53, and his son Jerry, 32, were both charged with conspiracy to import marijuana into Canada in April, 1987, after an international investigation involving Hamilton-Wentworth police, the OPP, FBI, and the U.S. Drug Enforcement Administration.

They were both convicted and sentenced to jail terms in 1988.

In a telephone interview, Peter Montour acknowledged his past problems with the law but stressed the cigarette plant is above board.

"What does that have to do with this particular issue? We're only trying to set up for manufacturing cigarettes for cash flow, so people can get fed... I've given my whole life to this proposition," Mr. Montour said.

He added that he and Jerry had both worked hard to put the past behind them after they were released from jail about five years ago.

"It's the only thing I've done in my past. If I could turn the clock back, I would," he said.

Testifying in a Hamilton courtroom in 1988, Hamilton-Wentworth police Sgt. Wayne Moore described the Montours as key players in the sophisticated drug-smuggling operation which had arranged to transport 37 kilograms of marijuana from Mexico into Ontario.

Jerry Montour was sentenced to three years in the penitentiary and the father to one year in a provincial reformatory.

While he was at the Guelph Correctional Institute, the elder Montour was charged in connection with another plot to smuggle 93 kgs of marijuana into Canada after a courier was arrested with the drugs in Arkansas on March 9, 1988.

The second charge was withdrawn in 1989, after his co-accused, Aldon Schlosser, made a deal with the police to have the charges dropped if he agreed to help them solve two old murders.

The elder Montour and his family operate the Aquarium Restaurant and Tavern in Hamilton. In the past, Peter Montour has been described in the media as a chef and a seafood importer.

At a press conference Monday, Peter and Jerry Montour revealed that they were among 10 partners in Grand River Enterprises which is seeking permission from Revenue Canada to buy Ontario tobacco for a tax-exempt cigarette manufacturing plant.

GRE officials are scheduled to meet with Revenue Minister David Anderson and Haldimand-Norfolk MP Bob Speller today to discuss the scheme. GRE wants to buy 907,000 kg. of tobacco

<< Previous
Bullboard Posts
Next >>