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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

Comment by quinlashon Mar 01, 2023 12:02pm
88 Views
Post# 35312685

RE:RE:The hedge fund managers

RE:RE:The hedge fund managersWhen a hedge fund covers a short they could be purchasing 10's of thousands of shares at a time off the open market at a time (100's of thousands or more is also possible). Depending on how high the SP has to go in order to complete the cover order it could result in a margin call for the piggy-backers.  At short-stop over the short position is partial protection from this however holding Long Position shares to counter act the the rise in SP is the only insurance I would think is safe, options are a second option however a failure to deliever on an option holder leaves them up a creek without a paddle..
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