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 > Hexo’s Share Consolidation Won’t Save It. Here’s Why.

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Post by AwareInvestoron Feb 19, 2022 9:48am

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Post# 34444700

Hexo’s Share Consolidation Won’t Save It. Here’s Why.

Earlier this week, Hexo Corp announced that they would be seeking approval from shareholders, yet again, for a share consolidation. If approved, it would mark the second time in two years that such a transaction occurs, following the firms four to one consolidation in December 2020.

The trouble for shareholders, is that a share consolidation is a temporary band aid to a much larger problem facing the company.

https://thedeepdive.ca/hexos-share-consolidation-wont-save-it-heres-why/

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