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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 Keeleron Sep 30, 2022 12:38pm
71 Views
Post# 34997816

Reverse Split

Reverse SplitAs tonto and queer1ash continually point out - Hexo's typical play is to release negative news after the close of markets, historically they can do this on any particular day, but favor Fridays in the hope that the bad news will dissipate over the weekend and have a lesser impact on the share price at open on Monday morning.
Will tonight be the night they announce that they're proceeding with the 14-1 reverse split?
Or will they announce that they've found a sleazy way to increase that to 50-1 without investors approval?

Pumptards should take this into consideration when calculating thei dollar cost averaging strategy.
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