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 > REDECAN

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Comment by Keeleron Dec 06, 2021 1:54pm

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Post# 34202980

RE:RE:REDECAN

I'd like to be a fly on the wall when Quintard suggests to the Montours and Hills that they should just AVERAGE DOWN

quinlash - (12/6/2021 12:23:49 PM)
RE:REDECAN

The Redecan deal had an implied SP of $7.54 CDN and they have a trading restriction on selling their shares. There is nothing in the deal to state that they can't buy additional shares on the open market to bring their average down.

One thing I would bet on... they're not complaining about having the option now to average down from $7.53 to these levels.

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