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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 quinlashon Dec 08, 2022 9:02pm
140 Views
Post# 35160768

HEXO CEO SSL Replaced in 2021

HEXO CEO SSL Replaced in 2021The former CEO and founding father of the company was replaced in 2021.  He moved too quickly on the 2021 acquistions however that was likely due to the expecation that the US would legalize cannabis as per the promises made by Biden in 2020 during his election campaign. 

Since 2021 the new management team has made strong progress in cost reduction and landed multiple deals such as Tyson and Entourage, they also worked with Tilray to form that new partnership.  The recent debenture repayment is just another example as to how the company is fulfilling it's financial obligations.

The shares are trading cheap against any fundamental you wish to consider, get over it.


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