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.

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BLACKROCK Municipal Income TRUST > Not dead at all

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Comment by Zaybureon Dec 19, 2022 10:17am

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Post# 35179453

RE:RE:RE:RE:Not dead at all

Zaybure wrote:
TheNewOldtimer wrote: Do you think paying off the dentures Dec 5 and now the consolodation is a prelude to an acquisition?

More a prelude to dilution. The present 600+M shares will be reduced to 45+M shares after the R/S. It's more likely they will issue more shares, say 100M shares at 2.17, if that SP holds, for a little while anyway,they will cash in $200M. enough money to survive the next 4 quarters ( at a loss of 50M per each quarter). Who is paying for that? The investors who will see their SP drop to $1.40, plus or minus a few pennies. Add to that the shorts which will increase significantly, and you're soon below $1. Time to jump off that sinking ship...

I told you to jump off that sinking ship. You've been warned...

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