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

BLACKROCK Municipal Income TRUST > Always a good sign when Insiders buy :)

<< Previous

Bullboard Posts

Next >>

Comment by Keeleron Nov 17, 2021 11:43pm

112 Views

Post# 34139273

RE:Always a good sign when Insiders buy :)

1hot-techwoman - (11/17/2021 10:32:19 PM)
Always a good sign when Insiders buy :)

hahahahahahaha
It is actually normally a good sign - unfortunately, Munzar's purchase is the first
one made by a Hexo insider in over two years.
AND as an 'Indirect Ownership' purchase - the cash didn't go into Hexo's
coffers - but into an ETF/mutual fund investment - and it's the ETF fund
(like a Stanley Morgan) that has shares in Hexo, not Munzar directly.

A good example of an Insider with 'Direct Ownership' is SSL - who has
shown enough confidence in the company he beat to death by owning
4,875 Hexo shares. Less than a $10,000 investment froma guy who sold
.19 and .75 cents options - that were GRANTED to him - for $19.00 each.

On Nov 1 - SSL received another 900,000 options at $ 1.86 - GRANTED to him
for what?
Too bad the average retail investor doesnt get anything granted
to him - he just has to actually invest in Hexo with his own money.

Thanks for the post - keep on pumping this thing all the way down, steal
some more from the retail investor and make those insiders some money!

<< Previous

Bullboard Posts

Next >>

Pro Women’s Hockey League comes to NHL 25 in December