BlackRock Municipal Income Trust (BFK) - NYSE
  • Mon, Jul. 11, 12:47 PM
    • BlackRock Municipal Income Trust (NYSE:BFK) announces monthly distribution of $0.0711.
    • BlackRock Municipal Income Trust II (NYSEMKT:BLE) announces monthly distribution of $0.0735.
    • BlackRock Investment Quality Municipal Trust (NYSE:BKN) announces monthly distribution of $0.0720.
    • BlackRock Municipal Target Term Trust (NYSE:BTT) announces monthly distribution of $0.0800.
    • The BlackRock Strategic Municipal Trust (NYSE:BSD) announces monthly distribution of $0.0650.
    • BlackRock MuniEnhanced Fund (NYSE:MEN) announces monthly distribution of $0.0565.
    • Payable Aug. 1; for shareholders of record July 15; ex-div July 13.
    • Press Release
    | Mon, Jul. 11, 12:47 PM | 1 Comment
  • Wed, Jun. 8, 11:52 AM
    • "We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” says Peter Hays, who oversees $119B as head of municipal bonds at BlackRock.
    • He notes Illinois is a state that refuses to pass a budget, and has the lowest funded ratio on their pension of any state.
    • The term "bond vigilantes" was invented with regards to investors forcing discipline on national governments, but they've been mostly absent from the $3.7T municipal market, despite a number of notable bankruptcy filings of late, as well as Puerto Rico's issues.
    • The lowest-rated U.S. state, Illinois this week announced plans to borrow $550M for capital projects on June 16. For now, investors are demanding an extra 183 basis points to hold Illinois 10-year debt vs. AAA munis. Still the yield is just 3.42% - that's 20 basis points lower than four years ago, when Illinois had a two-step higher credit rating than it does today.
    • ETFs: MUB, NVG, IIM, NUV, PML, NZF, LEO, PZA, PMF, NEA, PMX, VMO, BFK, EVN, BLE, NXP, KTF, DSM, EIM, VGM, AFB, NPM, PMM, VKI, BKN, MVF, NQM, TFI, MYI, IQI
    | Wed, Jun. 8, 11:52 AM | 50 Comments
  • Wed, Jun. 8, 11:52 AM
    • "We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” says Peter Hays, who oversees $119B as head of municipal bonds at BlackRock.
    • He notes Illinois is a state that refuses to pass a budget, and has the lowest funded ratio on their pension of any state.
    • The term "bond vigilantes" was invented with regards to investors forcing discipline on national governments, but they've been mostly absent from the $3.7T municipal market, despite a number of notable bankruptcy filings of late, as well as Puerto Rico's issues.
    • The lowest-rated U.S. state, Illinois this week announced plans to borrow $550M for capital projects on June 16. For now, investors are demanding an extra 183 basis points to hold Illinois 10-year debt vs. AAA munis. Still the yield is just 3.42% - that's 20 basis points lower than four years ago, when Illinois had a two-step higher credit rating than it does today.
    • ETFs: MUB, NVG, IIM, NUV, PML, NZF, LEO, PZA, PMF, NEA, PMX, VMO, BFK, EVN, BLE, NXP, KTF, DSM, EIM, VGM, AFB, NPM, PMM, VKI, BKN, MVF, NQM, TFI, MYI, IQI, MUA, OIA, MVT, XMPT, MEN, NPI, MYD, VKQ, NMO, PMO, MUE, MMU, NAD, NPP, BBK, EXD, NEV, BYM, NQS, DMF, MFL, BBF, MFM, KSM, MHD, EIV, MQY, MUH, BAF, MFT, MUS, MZF, PRB, MNP, EOT, NUW, DMB, DTF, MQT, NPF, BSD, MYF, NXR, CXH, NXQ, NIM, NMI, VTEB, FMN, VFL, PVI, RVNU, FMB
    | Wed, Jun. 8, 11:52 AM | 6 Comments
  • Mon, Jun. 6, 8:14 AM
    • BlackRock Municipal Income Trust (NYSE:BFK) announces monthly distribution of $0.0711.
    • BlackRock Municipal Income Trust II (NYSEMKT:BLE) announces monthly distribution of $0.0735.
    • BlackRock Investment Quality Municipal Trust (NYSE:BKN) announces monthly distribution of $0.0720.
    • BlackRock Municipal Target Term Trust (NYSE:BTT) announces monthly distribution of $0.0800.
    • The BlackRock Strategic Municipal Trust (NYSE:BSD) announces monthly distribution of $0.0650.
    • BlackRock MuniEnhanced Fund (NYSE:MEN) announces monthly distribution of $0.0565.
    • Payable July 1; for shareholders of record June 15; ex-div June 13.
    • Press Release
    | Mon, Jun. 6, 8:14 AM | 1 Comment
  • Thu, Jun. 2, 5:35 PM
    • Top gainers, as of 5.25 p.m.: BV +9.3%. AMBA +9.1%. AVGO +6.1%. INVN +5.3%. COO +4.9%
    • Top losers, as of 5.25p.m.: ZUMZ -9.0%. BFK -5.5%. EGO -2.3%. STO -2.3%. TCK -1.7%.
    | Thu, Jun. 2, 5:35 PM | 12 Comments
  • Thu, May 12, 12:40 PM
    • BlackRock Municipal Income Trust (NYSE:BFK) announces monthly distribution of $0.0751.
    • BlackRock Municipal Bond Investment Trust (NYSE:BIE) announces monthly distribution of $0.0760.
    • BlackRock Municipal Income Trust II (NYSEMKT:BLE) announces monthly distribution of $0.0790.
    • BlackRock Investment Quality Municipal Trust (NYSE:BKN) announces monthly distribution of $0.0740.
    • BlackRock Municipal Target Term Trust (NYSE:BTT) announces monthly distribution of $0.0800.
    • The BlackRock Strategic Municipal Trust (NYSE:BSD) announces monthly distribution of $0.0710.
    • BlackRock MuniEnhanced Fund (NYSE:MEN) announces monthly distribution of $0.0605.
    • Payable June 1; for shareholders of record May 16; ex-div May 12.
    • Press Release
    | Thu, May 12, 12:40 PM | 1 Comment
  • Thu, Apr. 7, 6:32 AM
    • BlackRock Municipal Income Trust (NYSE:BFK) announces monthly distribution of $0.0751.
    • BlackRock Municipal Bond Investment Trust (NYSE:BIE) announces monthly distribution of $0.0760.
    • BlackRock Municipal Income Trust II (NYSEMKT:BLE) announces monthly distribution of $0.0790.
    • BlackRock Investment Quality Municipal Trust (NYSE:BKN) announces monthly distribution of $0.0740.
    • BlackRock Municipal Target Term Trust (NYSE:BTT) announces monthly distribution of $0.0800.
    • The BlackRock Strategic Municipal Trust (NYSE:BSD) announces monthly distribution of $0.0710.
    • BlackRock MuniEnhanced Fund (NYSE:MEN) announces monthly distribution of $0.0605.
    • Payable May 2; for shareholders of record Apr 15; ex-div Apr. 13.
    • Press Release
    | Thu, Apr. 7, 6:32 AM
  • Fri, Mar. 11, 4:02 PM
    • BlackRock Municipal Income Trust (NYSE:BFK) - monthly distribution of $0.0751.
    • BlackRock Municipal Bond Investment Trust (NYSE:BIE) - monthly distribution of $0.0760.
    • BlackRock Municipal Income Trust II (NYSEMKT:BLE) - monthly distribution of $0.0790.
    • BlackRock Investment Quality Municipal Trust (NYSE:BKN) - monthly distribution of $0.0740.
    • BlackRock Municipal Target Term Trust (NYSE:BTT) - monthly distribution of $0.0800.
    • The BlackRock Strategic Municipal Trust (NYSE:BSD) - monthly distribution of $0.0710.
    • BlackRock MuniEnhanced Fund (NYSE:MEN) - monthly distribution of $0.0605.
    • All are payable Apr. 1; for shareholders of record Mar. 15; ex-div Mar. 11.
    • Press Release
    | Fri, Mar. 11, 4:02 PM
  • Thu, Feb. 11, 5:48 PM
    | Thu, Feb. 11, 5:48 PM | 1 Comment
  • Tue, Jan. 12, 12:16 PM
    | Tue, Jan. 12, 12:16 PM | 1 Comment
  • Dec. 10, 2015, 12:31 PM
    | Dec. 10, 2015, 12:31 PM
  • Nov. 12, 2015, 3:00 PM
    • There was a 20% jump in the number of requests for new municipal bond security identifiers, according to the CUSIP Issuance Trends Report - the first increase in five months.
    • While the start of Q4 and the beginning of a new fiscal year for many towns explains some of the jump, says CUSIP's Gerald Faulkner, the near-certain closing of ZIRP also plays a role.
    • It's a "dash for debt"  says S&P Capital IQ's Richard Peterson.
    • ETFs: MUB, IIM, NUV, PML, NIO, PZA, LEO, VMO, PMF, NEA, PMX, BFK, EVN, BLE, DSM, KTF, NQU, NXP, VGM, PMM
    | Nov. 12, 2015, 3:00 PM | 11 Comments
  • Nov. 12, 2015, 6:12 AM
    | Nov. 12, 2015, 6:12 AM
  • Oct. 13, 2015, 4:57 PM
    | Oct. 13, 2015, 4:57 PM
  • Sep. 11, 2015, 10:21 AM
    | Sep. 11, 2015, 10:21 AM
  • Sep. 9, 2015, 2:12 PM
    • General obligation bonds have been viewed as essentially default-proof forever, but part of Puerto Rico's five-year plan to restructure its $72B in debt includes the Commonwealth's GO paper.
    • These bonds were issued with a constitutional promise that the government would pay the debt service ahead of any other bills it has. "Unheard-of" is how the plan is described in a NYT article pondering the spillover effect to other GO debt should Puerto Rico successfully restructure.
    • Bond investors will no doubt put up a major fight, and Van Eck strategist Jim Colby expects a constitutional battle. Moody's Ted Hampton agrees, and sees a high probability of a long legal war.
    • Source: Barron's
    • ETFs: MUB, IIM, NUV, PML, NIO, PZA, LEO, VMO, NEA, PMF, PMX, BFK, EVN, BLE, DSM, KTF, NQU, NXP, VGM, PMM, AFB, MVF, VKI, EIM, NQM, NPM, TFI, OIA, BKN
    | Sep. 9, 2015, 2:12 PM | 7 Comments
Company Description
The Fund will invest primarily in municipal bonds that pay interest that is exempt from regular Federal income tax. The investments will be made in municipal bonds that, in the opinion of the investment advisor, are underrated or undervalued. At least 80%
Sector: Financial
Industry: Closed-End Fund - Debt
Country: United States