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

BLACKROCK Municipal Income TRUST

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Post by Ghostinthedarkon May 27, 2022 10:07am

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Post# 34711875

OMG....ACB down to $2.14CN---a loss of over $1.20

WTF... Another Bought Deal!!!

What Is a Bought Deal?

A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company. A bought deal eliminates the issuing company’s financing risk, ensuring that it will raise the intended amount. On the flip side, taking this approach, rather than pricing the offering via the public markets with a preliminary prospectus filing, usually results in the client firm getting a lower price.

MOre flacking stock dilution.. ACB is also on Life Supports.

WEED, ACB....bad news for HEXO.

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