Form 4: Wells Fargo Subsidiary Disposes of BlackRock MuniHoldings Shares in Redemption
SEC Form 4 Filing
Wells Fargo Municipal Capital Strategies, LLC disposed of 5,264 variable rate muni term preferred shares of BlackRock MuniHoldings California Quality Fund, Inc. due to a redemption by the issuer.
Summary
- Wells Fargo & Company, along with its subsidiary Wells Fargo Municipal Capital Strategies, LLC, jointly filed a Form 4 with the SEC.
- The filing reports the disposition of 5,264 variable rate muni term preferred shares (VMTP Shares) of BlackRock MuniHoldings California Quality Fund, Inc. (MUC) by Wells Fargo Municipal Capital Strategies, LLC.
- The shares were disposed of on September 27, 2024, as a result of a redemption by the issuer.
- The redemption price was $100,303.25137 per share, including a liquidation preference of $100,000.00 per share and accrued dividends of $303.25137 per share.
- Wells Fargo holds an indirect interest in the securities through its ownership of Wells Fargo Municipal Capital Strategies, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a share disposition, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder of BlackRock MuniHoldings California Quality Fund, Inc.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of transaction (disposition of shares) |
| 10/01/2024 | Date of Joint Filing Agreement and Joint Filer Information |
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