BlackRock Municipal Income Trust announces an Equity Buyback for purchase of its own shares, representing 5% of its issued share capital.
September 08, 2022 at 12:00 am EDT
BlackRock Municipal Income Trust (NYSE:BFK) announces a share repurchase program. Under the program, the company will repurchase its own shares, representing 5% of its issued share capital. The purpose of the plan is to enhance shareholder value. The repurchases will commence on December 1, 2022 and will be valid till November 30, 2023.
BlackRock Advisors, LLC acted as legal advisor to the company.