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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 smallcaptdron May 16, 2022 5:33pm
165 Views
Post# 34687531

Behind closed doors

Behind closed doorsA great day for anyone who bought in at lower SP's, I look at technicals and May has flipped alot of shares with anonymous selling 82mil of them in only a couple weeks makes me wonder about manipulation. Plus having close to a 1/2Bil shares outstanding before listing addition shares on the TSX gives reason to question why the movement now? Could be trying to get the SP higher so that HEXO can dump shares to raise money. Regardless if you're a daytrader like myself there is money to be made but be careful of the size of your held position here. Musical chairs come to mind. If you like flipping penny cannabis stocks like me XLY is another high volume stock @.15 (always DD) I'm in both cannabis stocks
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