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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 > Up to $180 million Equity Backstop Financing

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Comment by Keeleron Dec 22, 2022 7:02pm

72 Views

Post# 35188334

RE:RE:RE:Up to $180 million Equity Backstop Financing

This is old news, not sure why you post it now.

The $180 million isn't 'free cash' - the bulk of it goes to paying the finance charges on the Tilray debt.
Hexo can draw a MAXIMUM of $5 million per month for 36 months.

TheNewOldtimer - (12/22/2022 6:58:48 PM)

RE:RE:Up to $180 million Equity Backstop Financing