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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

Post by dart321on May 28, 2023 10:51am
201 Views
Post# 35467796

Last Monday

Last Mondayyou could have sold this at $1.92 and bought 0.76 of a share of Tilray at fridays closing price, that is almost double at tilrays present price but the drop in share price here isn't over is it. Based on the present Tilray share price and the conversion of 0.4352 the swap will be done at a hexo price of $1.10 if the Tilray price stays at fridays closing. The question going forward is will Tilrays share price drop more, if it does then the converson price will be lower than $1.10, time will tell, june 14th is coming fast.
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