BlackRock Municipal Income Trust (NYSE: BFK) removes common shares from NYSE listing
Rhea-AI Filing Summary
BlackRock Municipal Income Trust has filed a Form 25 to remove its common shares from listing and registration on the New York Stock Exchange LLC. The exchange certifies it has followed its own rules and the SEC’s requirements for striking this class of securities from listing.
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- None.
Negative
- Common shares delisted from NYSE: The trust’s common stock is being removed from listing and registration on the New York Stock Exchange, which can reduce trading visibility and alter liquidity conditions for shareholders.
Insights
BFK’s common shares are being removed from NYSE listing, affecting where they trade and how they’re regulated.
The filing states that common shares of BlackRock Municipal Income Trust will be removed from listing and registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act, via a Form 25.
The exchange notes compliance with its own rules and SEC Rule 12d2-2(b), while the issuer is referenced in connection with Rule 12d2-2(c) on voluntary withdrawal. This combination indicates a formal, regulated delisting process rather than a trading suspension.
For investors, a removal from NYSE typically means future trading will occur on a different venue or market tier, which can affect liquidity, visibility, and eligibility for some institutional mandates, even though the filing itself does not describe where the shares may trade next.