Form 4: Bank of America Corp Reports Redemption of Nuveen Missouri Quality Municipal Income Fund Shares

Bank of America Corporation reports the redemption of 10 MuniFund Preferred Shares held by its subsidiary, Banc of America Preferred Funding Corporation, from Nuveen Missouri Quality Municipal Income Fund.

Summary

• Bank of America Corporation, through its subsidiary Banc of America Preferred Funding Corporation (BAPFC), had 10 MuniFund Preferred Shares, Series A (MFP Shares) redeemed by Nuveen Missouri Quality Municipal Income Fund on April 16, 2025.
• The redemption was executed as per the Notice of Intention to Redeem Securities filed with the SEC on October 28, 2024.
• The redemption price included the liquidation preference and accumulated but unpaid dividends.
• Bank of America Corporation held an indirect interest in these securities through its wholly-owned subsidiary, BAPFC.
• Both Bank of America Corporation and BAPFC jointly filed the statement.
• The filing includes a Joint Filing Agreement, indicating their agreement to jointly file documents required under Section 13 or Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document reports a standard redemption of shares, which is a neutral event. There is no indication of positive or negative sentiment.

Industry Context

This filing reflects routine transactions related to the management of investments in municipal income funds by large financial institutions. Redemptions of preferred shares are a normal part of fund management and capital allocation.

Comparison to Industry Standards

• Redemption of preferred shares is a common practice in the closed-end fund industry, similar to actions taken by other funds managed by companies like BlackRock, PIMCO, and Eaton Vance.
• The terms of the redemption (liquidation preference plus accumulated dividends) are standard for preferred share redemptions in this sector.
• Bank of America's reporting practices are consistent with SEC regulations and industry norms for disclosing beneficial ownership changes.

Key Dates

Keywords

MuniFund Preferred Shares, Redemption, Bank of America, Nuveen Missouri Quality Municipal Income Fund, Banc of America Preferred Funding Corporation, SEC Filing, Beneficial Ownership