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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

BLACKROCK Municipal Income TRUST > News Prediction
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Comment by Rotalucepson Oct 20, 2022 6:43pm
54 Views
Post# 35037706

RE:News Prediction

RE:News Prediction
Duster340 wrote: end of year Q4 financials due out  mid november 3 weeks from now. the band-aide will be pulled off, the long dreaded reverse split will be announced. i am thinking atleast a 10:1 split up to 20:1. when the stock resumes trading that is when the pain will begin, the stock will quickly lose close to half of it's new value. i have seen this happen a few times before, the latest was with TV mining it lost half of it's value after a reverse split. this is what happens to bad companies.
glta


To eliminate confusion, the reverse spilt if it happens, I think it will, will not be announced with the quarter result but later, how long? Only Hexo know. Yes, there is a possibilty it will not happen. 
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