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.

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BLACKROCK Municipal Income TRUST

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Post by Keeleron Jan 16, 2022 9:40pm

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Post# 34323212

SSL only made $500,000 a year? I don't think so.

Keeler - (1/13/2022 9:51:25 PM)
tonto says SSL couldnt afford to buy shares

cuz he only makes $500,000 a year.
How much does the average investor make?

"Keeler, when 10.5M/11M of your compensation is options based, that only leaves you with 500k in cash to buy shares and live right"

Touran77 - (7/16/2021 9:33:23 AM)
RE:I wonder why SSL and the Board don't Buy Hexo Shares

Keeler wrote:The following are neither bashing or pumping, they're facts:

-SSL personally owns 4,875 common shares
-there hasn't been a single Board member who made a purchase of Hexo's shares in eitehr 2020 or 2021
-there have huindreds of thousands of options granted to Board members
-Board memerbs have sold shares

Given that SSL receives $ 11 million per year in compensation, plus a clause that would pay him 5% of GROSS SALES (not profit) - you would think that he nd the other Board memerbs would have enough confidence in Hexo to shell out and buy some shares.

SSL and the Board get shareholders to pay for their bad business decions and acquisitions - but don't take part in public offerings themselves.

Given that the share price opens at a lousy $5.67 - and like the pumptards post - teh share price is a are opportunity to make millions on your investment - why doesn't SSL and the Board buy shares?

It makes you wonder.