BLACKROCK Municipal Income TRUST V.BFK.P

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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 CEO exits after activist investor slams performance

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Comment by Zaybureon Oct 18, 2021 1:31pm

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Post# 34018871

RE:RE:Hexo CEO exits after activist investor slams performance

From the BNN article:

"St-Louis' decision to seek a US$145 million underwritten public offering in August days before the Redecan deal was scheduled to close to close may have contributed to his departure. The announcement led to a 28-per-cent one-day decline in Hexo's stock. At the time, St-Louis told BNN Bloomberg the financing was made to help the company explore a venture in the U.S. market for further growth.

However, Arviv told the board in the letter that the August financing was "further evidence of [St-Louis'] lack of qualified capital market stewardship."

Rotaluceps wrote:

Zaybure wrote: https://ca.finance.yahoo.com/news/hexo-ceo-exits-after-activist-investor-slams-performance-140151817.html

Arviv recommends in the letter the board appoint one of either Hexo Chief Financial Officer Trent MacDonald, company director and head of Groupe Mach Vincent Chiara, or former Redecan co-owner Pete Montour as the new CEO.