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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

Post by Freebirdson Feb 22, 2022 1:05pm
236 Views
Post# 34450778

Update-HEXO

Update-HEXO

Feb 22 (Reuters) - Canadian pot producer HEXO Corp said on Tuesday it would refresh its board, effective immediately, as part of a deal with activist shareholder Adam Arviv and his fund, Kaos Capital.

Earlier this month, Arviv said he planned to nominate five independent directors to Hexo's board at its shareholder meeting, citing concerns over its sliding share price.

Shares in Hexo were about 6.49% lower in morning trading, taking their year-to-date losses to nearly 18%.

The new board comprising seven directors will stand for election at Hexo's shareholder meeting on March 8.

Arviv's fund, which currently owns about a 2% stake in the company, will nominate Mark Attanasio and Rob Godfrey and also retain the right to nominate the eighth member.

Last year, a media report said Hexo's co-founder Sebastien St-Louis was ousted from his role as the chief executive officer after Arviv alleged that St-Louis had over-leveraged the company to he lp finance deals to acquire some cannabis operators.

Hexo this month said it would cut 180 jobs, resulting in annual savings of about $15 million, as it seeks to reduce expenses by 30% by the end of 2023. (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)

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