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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

Comment by ridingrocketson Jan 25, 2022 12:40pm
95 Views
Post# 34358560

RE:Those who sold starting to bash.....

RE:Those who sold starting to bash.....
I'll consider increasing HEXO holdings only after they announce a resolution to their financial mess. Till then expect the share price to continue to drop - Unless a miracle happens there will be plenty of time to build back ones position....


HEXO needs to solve their financial mess. The only logical option is via massive dilution. If a bank was willing to loan them the money they would have already pulled the trigger...

There is a reason why the annual shareholders meeting was delayed until what March  8th? Btw only selected shareholders are going to be allowed to vote on something.... what that something is, who knows? (likely massive dilution that requires shareholder approval)


There is absolutely no reason to rush and buy HEXO right now - if you listened to Quinn (I feel bad for you) a few weeks ago you would have been buying in the mid 80s - a few weeks before that it was low $1 - A few weeks before that....


There is 0 reasons to rush out any buy HEXO right now - best to sit back and watch what happens to their existing financial mess......

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