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 > Is it the story of the day about this corporation below?

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Post by Teameeon May 12, 2022 6:41pm

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Post# 34679764

Is it the story of the day about this corporation below?

https://www.chroniclejournal.com/business/national_business/aurora-cannabis-blames-1-billion-net-loss-in-q3-on-pricing-pressures-covid-19/article_cd419411-b2dc-525f-b7c7-6b8d0890be98.html

EDMONTON - Aurora Cannabis Inc.'s most recent quarter ended with a net loss of more than $1 billion, which the cannabis company blamed on pricing pressures and COVID-19 measures.

The Edmonton cannabis business' third-quarter loss was up from a more than $160 million loss it reported in the same quarter last year.

Aurora says its basic and diluted loss per share for the quarter amounted to $4.72 compared to a loss of 83 cents during the third quarter of 2021.

Analysts on average had expected a loss of 34 cents per share, according to financial markets data firm Refinitiv.

Aurora says its net revenue for the period ended March 31 reached $50.4 million, down nine per cent from about $55 million the quarter before.

The company's earnings came days after it announced it will will wind down operations at an outdoor grow site in the B.C. Interior because it recently acquired Thrive Cannabis, which has indoor and outdoor grow facilities.

This report by The Canadian Press was first published May 12, 2022.

Companies in this story: (TSX:ACB)