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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 Rarbar99on Dec 08, 2021 9:25pm
199 Views
Post# 34212960

It really is that simple..

It really is that simple..When SNDL announced their share buyback program and the stock shot up to $0.95, I was on Stocktwits telling everyone to sell ASAP, it was a clear pump & dump by the management. They tried to take advantage of the Republican bill introduction, also the positive ERs, and tried to attract Redditors for a repeat of February 2021. If you had more than 5 brain cells you would have known SNDL had no intentions of actually buying their shares, their ownership % is just 0.4%!

Same thing is happening here, except it has nothing to do with the management. In this case the shorters are pumping it up, to maximize the downfall after ER.
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