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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 > Nasdaq listing
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Comment by miscstuffon Dec 19, 2022 6:47pm
73 Views
Post# 35180973

RE:Nasdaq listing

RE:Nasdaq listing
Keeler wrote: share price sits at $1.30 USD.

They should have either tried getting the consolidation amended to 25-1 or not bothered at all.
How long until they're under the $1.00 USD Nasdaq requirement - it just delayed the inevitable, more time for longs to pump some more if their cash into this dead company.

Once it gets down under 50 cents, anything they do is just desperation measures anyway. The higher it goes, the more room it gives the shorters to play their games.
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