BlackRock Municipal Income Trust
BFK
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Charles Choon Sik Park
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Jul 27, 2001
- CIK
- 0001137393
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Municipal Income Trust (BFK) is a closed-end fixed income mutual fund launched by BlackRock, Inc. and managed by BlackRock Advisors, LLC. The Trust seeks to provide current income exempt from regular federal income taxes by investing, under normal market conditions, at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment, with income potentially subject to the federal alternative minimum tax; it may invest directly in such securities or synthetically through derivatives, and up to 20% of assets in lower-rated municipal bonds rated Ba/BB or B or equivalent. The fund's portfolio emphasizes long-duration municipal obligations, including tobacco settlement bonds, housing finance agency revenue bonds, and tender option bonds (TOBs), with key holdings such as DC Tobacco 6.75% 05/15/2040 and various TOB structures backed by multifamily and student housing revenues; it employs leverage totaling approximately $192.7 million, representing 31.8% of assets, to enhance yield to maturity of around 8.14% and effective duration of 15.23 years. Founded on July 31, 2001, and domiciled in the United States with administrative address at 100 Bellevue Parkway, Wilmington, DE, the Trust operates primarily in the U.S. municipal bond market, targeting retail and institutional investors seeking tax-exempt income. In a major strategic reorganization approved by shareholders on November 20, 2025, BlackRock Municipal Income Trust (BFK) will merge with and into BlackRock MuniHoldings Fund, Inc. (MHD), alongside BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE), with completion anticipated in February 2026 subject to customary closing conditions; this consolidation aims to reduce fund overlap, deliver scale benefits, and simplify the municipal closed-end fund lineup, structured as a non-taxable exchange based on relative net asset values.