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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 LTStrategyon Oct 31, 2021 8:13am
254 Views
Post# 34070184

Investors call

Investors callWhile many are upset at SSL, he would have done a much much better job than Trent did it explaining and reassuring.

Trent is by far not as articulate and wasn't prepared.  The majority of his responses didn't answer any of the analysts questions so that did not help.

SSL did a great job at setting the vision.  He's a visionary.   It's not an operator.  Scott seems to be an operator that will put together the building blocks from here.   They seem to be well back up to ensure proper execution of the plan.    Scott will be building a proper leadership team to make that happen.  The fact that he was chosen is because we now know Molson has a plan so that is the reassuring part.  Assuming all product sales equal zero, there is tremendous value for Molson to keep their partner to supply the products they need for the Truss drinks.  Eventually, one could think that the Truss drinks on their own will be plenty to carry this entire business.  Hence why Molson probably was ok to have Scott take the lead on HEXO instead of staying at Truss.  This could also be a sign of Molson want to buy the entire business once things are in order.

who knows.....
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