Form 4: JPMorgan Chase Bank N.A. Disposes of Variable Rate Muni Term Preferred Shares in Invesco Trust for Investment Grade Municipals
SEC Form 4 Filing
JPMorgan Chase Bank, N.A. reports the disposal of 410 variable rate muni term preferred shares in Invesco Trust for Investment Grade Municipals due to a redemption by the issuer.
Summary
- JPMorgan Chase Bank, N.A. (JPMCB) reported a transaction involving Invesco Trust for Investment Grade Municipals (VGM) on May 31, 2024.
- JPMCB disposed of 410 variable rate muni term preferred shares, Series 2015/6-VGM, due to a redemption by the issuer.
- The redemption price was $100,381.91256 per share, including a liquidation preference of $100,000.00 and accrued dividends of $381.91256.
- Following the transaction, JPMCB indirectly owns 2,323 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.
Industry Context
This filing reflects a specific transaction related to holdings in a municipal bond fund, which is common in the financial industry. It indicates adjustments in institutional ownership within the fund.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Disposal of variable rate muni term preferred shares. |
| 06/04/2024 | Date of signature on the report. |
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