Form 4: Bank of America Corp Reports Transaction in New America High Income Fund Inc

Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly report a transaction involving Auction Rate Preferred Stock of New America High Income Fund Inc.

Summary

• On April 5, 2012, Bank of America Corporation, along with Merrill Lynch, Pierce, Fenner & Smith Incorporated, reported a transaction involving Auction Rate Preferred Stock of New America High Income Fund Inc.
• The transaction involved the acquisition of 1 share at a price of $25,000.
• Following the reported transaction, the reporting persons beneficially owned 3,140 shares indirectly.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The filing includes a joint filing agreement between Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Key Dates

Keywords

beneficial ownership, Form 4, HYB, New America High Income Fund Inc, Bank of America Corporation, Merrill Lynch, Auction Rate Preferred Stock, transaction