SCHEDULE 13D/A: Bank of America Entities Update Nuveen Missouri Municipal Fund Preferred Share Holdings Following Redemption

Bank of America Corporation and Banc of America Preferred Funding Corporation have amended their Schedule 13D filing to reflect a reduced ownership of Nuveen Missouri Quality Municipal Income Fund's preferred shares after a recent redemption.

Summary

• Bank of America Corporation (BAC) and Banc of America Preferred Funding Corporation (BAPFC), collectively the Reporting Persons, filed Amendment No. 3 to their Schedule 13D.
• This amendment reports a change in the Reporting Persons' ownership percentage of Munifund Preferred Shares (MFP Shares) of Nuveen Missouri Quality Municipal Income Fund (the Issuer).
• The change resulted from the redemption of 10 MFP Shares (CUSIP No. 67060Q504) by the Issuer on April 16, 2025.
• The redemption price for the 10 MFP shares was the liquidation preference and accumulated but unpaid dividends.
• Following this redemption, the Reporting Persons now collectively own 170 MFP Shares.
• The 170 MFP Shares represent 100% of the class of securities beneficially owned by the Reporting Persons.

Sentiment

Score: 5

Explanation: The document is a neutral, administrative filing reporting a change in beneficial ownership due to a planned share redemption. It contains no positive or negative performance indicators for the reporting entities.

Positives

• The redemption of 10 preferred shares by Nuveen Missouri Quality Municipal Income Fund could be viewed as a positive for the fund itself, potentially reducing its outstanding preferred share obligations.

Negatives

• The reporting entities, Bank of America Corporation and Banc of America Preferred Funding Corporation, have reduced their beneficial ownership of the preferred shares from an unspecified higher amount to 170 shares due to the redemption.

Risks

• The document incorporates by reference the litigation schedule of Bank of America Corporation and certain of its affiliates, including BofA Securities, which details civil proceedings and regulatory actions, some of which have resulted in findings of violations of federal or state securities laws.

Future Outlook

The document does not provide specific forward-looking statements or guidance regarding the future operations or financial performance of the reporting persons or the issuer, beyond the completed share redemption.

Industry Context

This filing is an administrative update reflecting a change in beneficial ownership of preferred shares in a municipal income fund. It does not provide broader insights into industry trends or competitive dynamics within the financial or investment management sectors, beyond the specific transaction of a preferred share redemption by a closed-end fund.

Comparison to Industry Standards

• This filing reports a specific share redemption and subsequent change in beneficial ownership, which is an administrative event. It does not contain financial results or operational metrics that would allow for a direct comparison to global benchmarks or specific comparable companies or projects within the industry.

Legal Proceedings

• Bank of America Corporation and its affiliates, including BofA Securities, have been involved in civil proceedings and regulatory actions, some resulting in findings of federal or state securities law violations, as reported and summarized in the BofA Securities Form BD, which is incorporated by reference.

Stakeholder Impact

• Shareholders of Nuveen Missouri Quality Municipal Income Fund (the Issuer) may experience a reduction in outstanding preferred shares, which could impact the fund's capital structure.
• The beneficial ownership of preferred shares by Bank of America Corporation and Banc of America Preferred Funding Corporation has decreased, affecting their investment portfolio composition.

Key Dates

Keywords

Schedule 13D/A, SEC Filing, Bank of America Corporation, Banc of America Preferred Funding Corporation, Nuveen Missouri Quality Municipal Income Fund, Munifund Preferred Shares, MFP Shares, Share Redemption, Beneficial Ownership, Investment Fund, Preferred Stock