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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 Skateron Feb 10, 2022 11:06am
85 Views
Post# 34416586

RE:RE:RE:You have to have the expense to then realize the saving.

RE:RE:RE:You have to have the expense to then realize the saving.If you look at the Zenbis FS for March 31, net asset/equity was $100M.  I believe they paid $235M for the acquisition.  So you have $135M in bumped up asset value, intangibles or goodwill.  Now you are shuttering one of the facilities.  There is the potential impairment on the assets themselves but the bigger issue is if they can't show a projected return on the intangibles and goodwill when they test it (now or at year end), they will have to write them down.  If zenabis was losing money before, how do you justify any return on the goodwill paid?  Those assets aren't suddenly making money because Hexo bought them.  
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