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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 ~TAYLOR~on Mar 31, 2022 9:35pm
150 Views
Post# 34565412

Which way will it go…..

Which way will it go…..

Insiders expect the MORE Act to pass on the floor this week, though it will likely clear the chamber in largely partisan fashion. A spokesperson for Rep. Matt Gaetz (R), the sole GOP cosponsor of the bill, told Marijuana Moment that he would vote in favor of the legislation again. He was one of five Republican members to vote “yes” on the MORE Act last session.

However, a pro-legalization GOP congressman who serves as co-chair of the Congressional Cannabis Caucus, Rep. Dave Joyce (R), is set to vote against it. His office circulated a letter to other Republican offices ahead of the Rules Committee meeting offering resources on navigating cannabis policy issues but expressing opposition to the MORE Act as drafted.

Joyce separately sent a letter to Nadler last month, expressing his willingness to work with the bill sponsor on revisions to build bipartisan support.

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