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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 goldman777on Dec 20, 2022 12:58pm
120 Views
Post# 35182529

ONE HELLUVA CHRISTMAS PRESENT FOR SHAREHOLDERS

ONE HELLUVA CHRISTMAS PRESENT FOR SHAREHOLDERSSo I have to ask - terrible Q4 report + brutal reverse split.

Surely the boys at the helm must have known, or atleast had a hunch that this combination - back to back - would devestate shareholder value.

Is the consolidation something they had to get on the books to stave off bankruptsy before year end, could it have not waited until early 2023 when perhaps the market sentiment may be a little more optimistic.

Why would they do this now with a week still remaining for TLSS unless they are 100% completely non caring about their retail share holders, surely they must have known the utter devestation this would have created.

The timing couldn`t be worse - could it, 

Who are they really catering to, sure isn`t the little guy.

But why should that be a surprise.

Just think about the erosion of wealth that has happened here, think about the pain that has been levied on the retail holders at what should be a joyous time of year,

If that doesn`t tell you how these guys roll - nothing will.

Disgusting to say the least.
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