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 > 9M gain on asset disposal to be registered at Q2.

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Comment by quinlashon Feb 10, 2022 11:06am

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Post# 34416589

RE:RE: 9M gain on asset disposal to be registered at Q2.

The facility remains, it was not "sold off" the ownership of the building changed however HEXO Corp continues to operate from the facility as normal. This was an easy way to give the company additional cash without impacting the operation / production of product

Touran77 wrote:

Touran77 wrote:
The 25% ownership in Belleville Center was sold for 10M.

As per Q1, carrying value was 983K meaning a gain on disposable of asset at a little bit more than 9M, which will help bottom line (EPS).

For a brief explanation, gain on disposal of assets is basically the opposite of writting down/Off.

Oh Keeler, for your Saturday night's project of going into my history, can you please let everyone know if I am wrong? Don't wait for Q2 to brag about it, let us know right now what you think :). Thanks.

Touran

Link for Q1:

"carrying value of BCI as at October 31, 2021 is $983 (July 31, 2021 - $798)."
https://staticproduction.s3.amazonaws.com/financial-statements/2022/Q1+FY22+HEXO+Corp.+Financial+Statements+FINAL.pdf

Link for how to calculate loss/gain on disposal of assets:
https://www.accountingtools.com/articles/how-to-calculate-the-gain-or-loss-from-an-asset-sale.html

Here is your chance to challenge my 9M gain in disposal of assets.

Once again, don't wait for Q2 numbers to provide an explanation :).

Touran