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.

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BLACKROCK Municipal Income TRUST > FOR THOSE WHO STILL HAVE DOUBTS

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Comment by Keeleron Feb 20, 2023 8:39pm

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Post# 35295504

RE:FOR THOSE WHO STILL HAVE DOUBTS

"properties sold that we don't need"

I'm curious - what properties did Hexo sell?

Belleville? After spending over $100 million in renovations, they sold their 25% interest for $10 million to a company owned by a Hexo Board member.

Stellarton & Atholville? They lost these Zenabis facilities (one was EU-GMP certified) along with $30 million in inventory to SNDL when Zenabis declared bankruptcy. Hexo (and Hexo investors) got ZERO out of the process.

Fort Collins? The 40,000 sq ft $5 million (USD) vacant Colorado facility that SSL estimated would require $70 million (CDN) in renovations. They TRIED selling it, but after a year on the market - took it off the market.

48N? The land near Kirkland Lake was formerly a tree farm with a small greenhouse on it. It had been shuttered before the deal was closed - Hexo's been trying tos ell it ever since.

SO - what properties are you referring to?

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