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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

Comment by Megamisteron Oct 29, 2021 2:15pm
116 Views
Post# 34064991

RE:WTF???

RE:WTF???A major restructuring is obviously needed at HEXO, beyond the departure of it's CEO/ Co-founder along with a couple of Finance and/or HR executives. 

Despite HEXO overpaying and going deeply into debt (financing/jepordizing its future) to acquire Redecan, Redecan likely will be HEXO's eventual salvation.  

Redecan is a well run, profitable entity that has done, and continues to do, things profitably. 

That being said, and in the absence of a major restructuring at HEXO, Redecan's contributions alone will not save HEXO.

Someone with deep, deep pockets has to come in, take over, and clean the mess up.  If big tobacco and alcohol are not interested in doing so, then maybe some billionaire needs another "challenge" beyond flying to space.   

Maybe HEXO's (secretive/unnamed) US ventures partner has pockets deep enough to help  right the ship.

Probably not, but then we should eventually know who this partner is and what merit/value warrants being assigned to the business partnership if in fact it does exists in a meaningful way.

Personally will be watching from the sidelines for the next couple of months.

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