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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 7:38pm

87 Views

Post# 35188385

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

It was announced last June - the re-assurance is that Hexo will be able to make it's financial obligations to the Tilray debt.

Without it - Hexo would default on it's payments - and declare bankruptcy, just like they defaulted on the HT debt payment. Debt is debt - whether it's Tilray or HT, some of you guys think Tilray/Hexo is some kind of cozy partnership - it's not, unless you call a master/servant agreement a 'partnership'.

Tilray - being owed $200 million - would acquire the bulk of Hexo assets for peanuts, just like SNDL got bankrupt Zenabis for peanuts.

TheNewOldtimer - (12/22/2022 7:12:22 PM)

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

Unlike you Keeler, most people on this forum don't take pleasure in seeing the company and it's shareholders fail. This is to provide re assurance that they have avaikable funds when needed.

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