Form 4: Bank of America Corp Reports Redemption of Nuveen Missouri Quality Municipal Income Fund Shares

Bank of America Corporation reports the redemption of 10 MuniFund Preferred Shares held by its subsidiary, Banc of America Preferred Funding Corporation, from Nuveen Missouri Quality Municipal Income Fund.

Summary

• Bank of America Corporation, through its subsidiary Banc of America Preferred Funding Corporation (BAPFC), had 10 MuniFund Preferred Shares, Series A (MFP Shares) redeemed by Nuveen Missouri Quality Municipal Income Fund on April 16, 2025.
• The redemption was executed as per the Notice of Intention to Redeem Securities filed with the SEC on October 28, 2024.
• The redemption price included the liquidation preference and accumulated but unpaid dividends.
• Bank of America Corporation holds an indirect interest in these securities through its wholly-owned subsidiary, BAPFC.
• Both Bank of America Corporation and BAPFC jointly filed the statement.
• The filing includes a Joint Filing Agreement, indicating their agreement to jointly file documents required under Section 13 or Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (redemption of shares) and doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing reflects routine transactions related to the management of municipal income funds and the redemption of preferred shares, which is a common practice in the closed-end fund industry.

Comparison to Industry Standards

• Redemption of preferred shares is a standard practice in the closed-end fund industry to manage capital structure and optimize returns.
• Similar redemptions are often seen with other municipal income funds managed by companies like BlackRock, Eaton Vance, and Franklin Templeton.
• The terms of the redemption, including the redemption price based on liquidation preference and accumulated dividends, are typical for this type of security.

Stakeholder Impact

• Shareholders of Nuveen Missouri Quality Municipal Income Fund may experience a slight change in the fund's capital structure.
• Bank of America Corporation's financial statements will reflect the redemption of the shares held by its subsidiary.

Key Dates

Keywords

MuniFund Preferred Shares, Redemption, Bank of America, Nuveen, BAPFC, Municipal Income Fund, SEC Filing, Beneficial Ownership