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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

BLACKROCK Municipal Income TRUST > Dilution is coming in my opinion. However it doesn’t mean
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Comment by RandomGuy25on Jan 13, 2022 3:38pm
67 Views
Post# 34314263

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dilution is coming in my opinion. However it doesn’t mean

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dilution is coming in my opinion. However it doesn’t meanYour response is not inconsistent with my statement. Because they are under $1.50, Hexo will make a request to pay in equity. At that point, the Noteholder can then sell in order to hedge against the equity they will be receiving.

Otherwise, the Noteholder gets paid in cash that was raised through the ATM (no other financing source). In that case, the Noteholder does not need to hedge. 

Noteholder only needs to short once they receive the equity payment request from Hexo. 

Noteholder is in an even stronger position once they issue a default notice. 
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