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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

Comment by Rotalucepson Dec 10, 2022 8:06pm
87 Views
Post# 35164246

RE:RE:RE:RE:Offer on the table other than Tilray

RE:RE:RE:RE:Offer on the table other than Tilray
quinlash wrote:
quinlash wrote:
quinlash wrote:
TheNewOldtimer wrote: Anyone hear of anything about a Quebec company wanting to take over Hexo?


We have Tilray in a take-over position at 40 cents, they would need to see the SP actually hit 90 in order to use the debentures as part of the play.  The last cash per share offer was again Tilray from last year at $3.  

Can't say I have heard of another player but would not be surprised if there is considering current trading levels

 


The $3 per share take over bid was reported by SeekingAphia.  Just Google "HEXO Tilray Takeover $3" and you will find the article








Tilray has nearly 1/4 of a Billion dollars on the line with HEXO Corp through the debenture purchase, the strike price on the debentures is 90 cents therefore they cannot use the debentures as part of a takeover until the SP hits 90.

The debentures themselves are valued at 40 cents, 62% higher than current levels.

Tilray CEO already noted that he does not want to see HEXO go bankrupt as it is unfavorable for the sector.

IMHO the odds are high that HEXO will become part of Tilray however it will not come about (if it does) through the company going bankrupt and Tilray scooping it up for cheap.















So he said it, it must be true. This was just polite talk. Scooping Hexo after bankruptcy will eliminate a competitor. Instead by eliminating a competitor, it would help the sector, not enough to make a difference for the actual mess. 
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