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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 Canuck30on Oct 26, 2021 12:52am
595 Views
Post# 34048218

Redecan

Redecan The prospect of bankruptcy has been baked into this price. Any good forward looking statement coming out of the quarter results will propel this higher. Redecan has too much at stake to let this one go much lower. At the very least, they will drive this price higher to atleast $7+ before abandoning ship if they don't get their way. I'm sure the new CEO has already been put on alert. The BOD waited too long to get rid of SSL. He mismanaged funds and overpaid for too many companies putting us in this predicament which will take years to correct. My average is now $10. Looking to bring it down to about $6 with more purchases. 
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