Form 4: JPMorgan Chase Bank Transfers PIMCO California Municipal Income Fund II Shares to Trust

JPMorgan Chase Bank, N.A. reports a change in beneficial ownership of PIMCO California Municipal Income Fund II shares, transferring them into a trust.

Summary

• JPMorgan Chase Bank, N.A. filed a Form 4 with the SEC on July 1, 2024, reporting a change in beneficial ownership of PIMCO California Municipal Income Fund II (PCK) shares.
• On June 27, 2024, JPMorgan Chase Bank transferred 275 Remarketable Variable Rate Munifund Term Preferred Shares (RVMTP Shares) from direct ownership into the J.P. Morgan Taxable Putters/Taxable Drivers, Series 5059 Trust.
• While the shares are now held in trust, JPMorgan Chase Bank retains indirect beneficial ownership as a beneficiary of the trust and through its contractual rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a change in the form of ownership, not necessarily indicative of positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for entities with significant holdings in publicly traded companies, providing transparency into changes in ownership.

Stakeholder Impact

• The transfer of shares into a trust may have a minor impact on shareholders, but the overall beneficial ownership remains with JPMorgan Chase Bank.

Key Dates