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 > Bankrupt in 2023?

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Comment by quinlashon Oct 29, 2021 2:41pm

108 Views

Post# 34065169

RE:RE:Bankrupt in 2023?

Touran77 wrote:

Keeler wrote: No way said the pumptards, I've posted it for months - why arent the pumptards calling the external auditors bashers and paid liars?

Other than the fact that Hexo is number 1 in rec sales, here is why I think Hexo will not declare bankruptcy.

https://mjbizdaily.com/hexo-loss-improves-to-ca114m-but-auditor-warns-of-debt-repayment/

“The company acknowledges the ongoing concern with the senior convertible note,” MacDonald said in reply to an analyst question.

“We understand the risk the note poses, and we’re taking this very seriously.”

He said the company will notify shareholders after there is a material update.

MacDonald added: “I’ll reiterate that we are in conversations with the debt holders themselves. They have been cooperative.

“They’ve negotiated and agreed to a couple of amendments that were beneficial for Hexo, and we’re looking at resolving the issue as fast as we can, and we hope to give an update as soon as possible to our shareholders on what that might look like.”

They noted that they have the funds to sustain the operation going forward, it's the debentures that need to be addressed and they're working on that. I can't imagine the debenture holders are going to cut their own hands off by not working with HEXO to come to some sort of an agreement.

JMHO

Q

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