Form 4: Bank of America Files Form 4 for VKI Securities
Statement of Changes in Beneficial Ownership
Bank of America Corporation and its subsidiary Banc of America Preferred Funding Corporation have filed a Form 4 detailing transactions related to Invesco Advantage Municipal Income Trust II (VKI) securities.
Summary
- Bank of America Corporation and its subsidiary, Banc of America Preferred Funding Corporation (BAPFC), have filed a Form 4 statement regarding changes in beneficial ownership of Invesco Advantage Municipal Income Trust II (VKI) securities.
- On April 30, 2026, BAPFC deposited 1,469 SERIES 2015/6-VKI VARIABLE RATE MUNI TERM PREFERRED SHARES (VMTP Shares) into a tender option trust and custody arrangement (TOB Trust).
- While the TOB Trust holds legal title to these VMTP Shares, BAPFC retains indirect beneficial ownership through its beneficiary status and contractual rights.
- Bank of America Corporation holds an indirect interest in these securities due to its ownership of BAPFC.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard disclosure of beneficial ownership changes rather than a significant strategic or financial event.
Future Outlook
No specific forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure under Section 16(a) of the Securities Exchange Act of 1934, indicating changes in beneficial ownership by insiders. Such filings are standard for large financial institutions and investment trusts.
Key Dates
| Date | Description |
|---|---|
| 04/30/2026 | Date of earliest transaction and deposit of VMTP Shares into TOB Trust. |
| 05/04/2026 | Date of filing for the Form 4 statement. |
Keywords
Form 4, SEC Filing, Bank of America, Banc of America Preferred Funding Corporation, Invesco Advantage Municipal Income Trust II, VKI, Beneficial Ownership, Securities Transaction, Municipal Income Trust
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