Form 4: Bank of America Corp Reports Transaction in New America High Income Fund Inc

Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly report a transaction involving Auction Rate Preferred Stock of New America High Income Fund Inc.

Summary

• On April 5, 2012, Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated reported a transaction involving Auction Rate Preferred Stock of New America High Income Fund Inc.
• The transaction involved the acquisition of 1 share at a price of $25,000.
• Following the transaction, the reporting persons beneficially owned 3,140 shares indirectly.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The filing includes a joint filing agreement.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by corporate insiders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about changes in ownership of the company's stock.
• The filing ensures compliance with SEC regulations.

Key Dates