Form 4: Bank of America Subsidiary Redeems Invesco Muni Shares

Bank of America's subsidiary, Banc of America Preferred Funding Corp, redeemed 367 Variable Rate Muni Term Preferred Shares from Invesco Advantage Municipal Income Trust II.

Summary

• Banc of America Preferred Funding Corporation (BAPFC), a wholly-owned subsidiary of Bank of America Corporation, disposed of 367 Variable Rate Muni Term Preferred Shares (VMTP Shares), Series 2015/6-VKI.
• The shares were redeemed by the Issuer, Invesco Advantage Municipal Income Trust II (VKI), on September 4, 2025.
• The redemption price for the VMTP Shares was the liquidation preference and accumulated but unpaid dividends.
• Following this transaction, Bank of America Corporation indirectly beneficially owns 1,469 VMTP Shares.
• The redemption was previously announced by Invesco Advantage Municipal Income Trust II in a Notice of Intention to Redeem Securities (N-23C-2) filed with the SEC on July 31, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-announced redemption of preferred shares, which is a planned corporate action and does not indicate a significant positive or negative shift in the company's or the reporting person's financial health or strategy.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

Bank of America, Invesco Advantage Municipal Income Trust II, VKI, SEC Form 4, Beneficial Ownership, Preferred Shares, Redemption, Variable Rate Muni Term Preferred Shares, Banc of America Preferred Funding Corp