Form 4: Bank of America Corp and Merrill Lynch Report Transactions in Nuveen Municipal Credit Income Fund (NZF)

Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly report transactions in Nuveen Municipal Credit Income Fund shares, indicating changes in beneficial ownership.

Summary

• Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly filed a Form 4 with the SEC on February 20, 2025.
• The filing reports transactions in common stock of Nuveen Municipal Credit Income Fund (NZF) that occurred on February 18, 2025.
• The transactions include both acquisitions and dispositions of shares at prices ranging from $12.505 to $12.65.
• After the reported transactions, the Reporting Persons indirectly beneficially own a certain amount of common stock.
• The Reporting Persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The filing includes a Joint Filing Agreement as Exhibit 99.1.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
• Neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
• Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (10% owners) of a publicly traded company buy or sell the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders of Nuveen Municipal Credit Income Fund as they provide insight into the investment activities of a major shareholder.

Key Dates

Keywords

Form 4, Nuveen Municipal Credit Income Fund, NZF, Bank of America, Merrill Lynch, Beneficial Ownership, Transactions, SEC Filing