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 (NZF) common stock, including purchases and sales on March 14, 2025.

Summary

• Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the 'Reporting Persons') jointly filed a Form 4.
• The report details transactions in Nuveen Municipal Credit Income Fund (NZF) common stock.
• On March 14, 2025, the Reporting Persons purchased 8,100 shares at $12.446 per share.
• Also on March 14, 2025, they sold 100 shares at $12.305 per share and 8,000 shares at $12.305 per share.
• Following these transactions, the Reporting Persons indirectly hold 0 shares.
• The Reporting Persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The filing is not an admission of acting as a group or being a member of any group with respect to the Issuer or any securities of the Issuer.
• The Reporting Persons will remit any potentially recoverable profit to the Issuer.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting transactions without expressing any positive or negative sentiment about the company's prospects.

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, acting as a group.
• 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

This filing is a routine disclosure of transactions by a major shareholder, providing transparency to the market regarding insider activity. Such filings are common for entities holding significant positions in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership as mandated by the SEC.
• The transactions reported are typical buy/sell activities, and the disclosure adheres to regulatory requirements.
• Similar filings are made by other major financial institutions holding positions in various publicly traded companies, such as BlackRock, Vanguard, and State Street.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing information about institutional trading activity.
• The filing ensures transparency and compliance with securities regulations.

Key Dates