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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)

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 7:07pm

77 Views

Post# 35188338

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

Great find?
Do you guys not follow Hexo at all?
This was announced in June, 6 months ago.

It's not free cash - Hexo can access a max of $5 million a month for 36 months which mainly goes toward paying the Tilray debt. This has been alid out in numerous Hexo information such as the year end and Q1 MD&A.
Shares are issued to KAOS - more dilution, it's really just an ATM under anotehr name.

burnout29 - (12/22/2022 6:47:25 PM)

RE:Up to $180 million Equity Backstop Financing