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 > Auditor’s report include Redecan?

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Post by LTStrategyon Oct 30, 2021 11:10am

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Auditor’s report include Redecan?

Curious to know if the auditors reported cash-flow issues take into account the positive cash flow that will get realized from the Redecan business?

I definitely don't want to put a positive spin on this but auditors often always look at the worst case scenarios versus what is most probable. Factoring in the synergies then it probably softens the severity of the issue.

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