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 > Worse Case -> Buyout

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Comment by Canuck30on Oct 19, 2021 10:25am

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Post# 34022210

RE:Worse Case -> Buyout

quinlash wrote: IMHO.. the product lines are of high quality and the future potential of the sector is too high. Worse case IMHO, the company is bought out by a large US Corp. as soon as the SAFE banking act is passed by the US Senate.

This is the most likely scenario at this point regardless of the Safe Act passing. The fact that Redecan folks are the largest shareholders who received shares at $7.35 gives me hope that we will see that price again soon to allow them to pull out. This will be achieved through a buyout or an orchestrated share run. Company has taken on too much debt that will be coming up for renewal to get out of the mess SSL created.

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