BlackRock Municipal Income Trust is a closed-ended mutual fund focusing on fixed income investments. Managed by BlackRock Advisors, LLC, it primarily invests in investment-grade municipal bonds. These bonds offer the advantage of being exempt from regular federal income tax, making them an attractive option for income-seeking investors. Established in 2001 and based in the United States, the fund aims to provide investors with a steady income stream while minimizing tax liabilities.
Tax-exempt muni income sounds like a clean win until you discover it quietly works against two separate parts of your tax return in ways most investors never see coming.
