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 > We were wrong when we say a 10/1 reverse split

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Comment by Keeleron Feb 15, 2022 9:34am

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Post# 34429465

RE:We were wrong when we say a 10/1 reverse split

Could be.
But I think they put a high limit on without thinking it would pass - and they'll settle for 10:1 which is more likely to pass. Just like last time when they put out 8-1 and after pushback, settled with 4-1 (which they shouldn't have settled for)

I'd say throwing out the 14 was a strategic move - but I'm not sure anyone at Hexo management is smart enough to make strategic moves.

VeritasVern - (2/15/2022 9:19:57 AM)
We were wrong when we say a 10/1 reverse split

Looks like it will be 14/1...LOL

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