SCHEDULE: Bank of America Amends Invesco Preferred Share Agreement

Bank of America Corporation and Banc of America Preferred Funding Corporation filed an Amendment No. 5 to their Schedule 13D, updating their beneficial ownership of Invesco California Value Municipal Income Trust's preferred shares following an amendment to a purchase agreement.

Summary

• Bank of America Corporation (BAC) and Banc of America Preferred Funding Corporation (BAPFC) filed Amendment No. 5 to their Schedule 13D.
• The amendment relates to their beneficial ownership of Series 2015/6-VCV Variable Rate Muni Term Preferred Shares (VMTP Shares) of Invesco California Value Municipal Income Trust.
• The filing updates the original Schedule 13D, dated November 18, 2019, due to the execution of an Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement.
• BAC and BAPFC each beneficially own 1,770.00 VMTP Shares, representing 100.0% of the class.

Sentiment

Score: 5

Explanation: The filing is an administrative update regarding beneficial ownership and an amendment to a purchase agreement, indicating a neutral impact on company sentiment.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

Invesco California Value Municipal Income Trust, Bank of America Corporation, Banc of America Preferred Funding Corporation, Schedule 13D, Preferred Shares, Variable Rate Muni Term Preferred Shares, VMTP Shares, Beneficial Ownership, SEC Filing