SCHEDULE: Bank of America Exits Nuveen Missouri Muni Fund

Bank of America Corporation and Banc of America Preferred Funding Corporation have fully redeemed their Munifund Preferred Shares in Nuveen Missouri Quality Municipal Income Fund.

Summary

• Bank of America Corporation (BAC) and Banc of America Preferred Funding Corporation (BAPFC) (collectively, the "Reporting Persons") filed Amendment No. 4 to their Schedule 13D.
• The amendment reports the full redemption of 170 Munifund Preferred Shares (MFP Shares) of Nuveen Missouri Quality Municipal Income Fund (the "Issuer").
• The redemption occurred on March 25, 2026.
• As a result of the redemption, the Reporting Persons no longer own any MFP Shares of the Issuer.
• The redemption price included the liquidation preference and accumulated but unpaid dividends.
• The Reporting Persons ceased to be beneficial owners of more than five percent of the class of securities on March 25, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event for the reporting persons, as it represents a successful exit from an investment at the expected terms, indicating proper risk management and capital recovery.

Positives

• The Reporting Persons received the liquidation preference and accumulated but unpaid dividends for their shares.
• The investment has been fully exited, simplifying the portfolio for the Reporting Persons.

Negatives

• The Reporting Persons no longer hold an investment in Nuveen Missouri Quality Municipal Income Fund.

Risks

• No specific risks are mentioned in this amendment, as it reports a completed transaction. The risk associated with holding these specific shares for the reporting persons is now zero.

Future Outlook

This filing does not contain any forward-looking statements or guidance, as it reports a completed transaction.

Industry Context

StockSavvy.ai notes that the full redemption of preferred shares by a municipal income fund is a routine capital management event. For Bank of America, exiting this specific preferred share position aligns with ongoing portfolio adjustments, potentially reallocating capital to other investment opportunities or reducing exposure to certain asset classes. This action does not indicate a broader trend for the municipal bond market but rather a specific fund's decision to manage its capital structure.

Comparison to Industry Standards

• This filing reports a specific redemption event for a single fund's preferred shares. It does not provide sufficient data for a direct comparison to industry-wide benchmarks or specific comparable companies or projects. The redemption at liquidation preference plus accumulated dividends is standard practice for such instruments.

Stakeholder Impact

• Shareholders (Reporting Persons): The Reporting Persons have fully exited their investment, receiving the expected redemption value.
• Shareholders (Issuer): The redemption of preferred shares impacts the capital structure of Nuveen Missouri Quality Municipal Income Fund, potentially reducing its leverage or preferred dividend obligations.

Next Steps

• No specific future actions or milestones are mentioned for the Reporting Persons related to this specific investment, as the position has been fully exited.

Key Dates

Keywords

Nuveen Missouri Quality Municipal Income Fund, Bank of America Corporation, Banc of America Preferred Funding Corporation, Schedule 13D/A, Munifund Preferred Shares, MFP Shares, Redemption, Beneficial Ownership, Fixed Income, Municipal Bonds