Form 4: JPMorgan Chase Transfers PIMCO Munifund Shares to Trust
SEC Filing
JPMorgan Chase Bank, N.A. reports a change in beneficial ownership of PIMCO California Municipal Income Fund III shares, transferring them into a trust.
Summary
- JPMorgan Chase Bank, N.A. filed a Form 4 with the SEC on July 1, 2024, regarding transactions in PIMCO California Municipal Income Fund III (PZC).
- On June 27, 2024, JPMorgan Chase Bank deposited 271 Remarketable Variable Rate Munifund Term Preferred Shares into the J.P. Morgan Taxable Putters/Taxable Drivers, Series 5060 Trust.
- Prior to this transaction, JPMorgan Chase Bank directly owned these shares.
- Following the transaction, JPMorgan Chase Bank indirectly owns the 271 shares through its beneficiary status and contractual rights within the trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a change in the structure of ownership, not necessarily reflecting positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities by its directors, officers, or principal stockholders. This filing indicates a change in the way JPMorgan Chase holds its shares in PIMCO California Municipal Income Fund III.
Key Dates
| Date | Description |
|---|---|
| 06/27/2024 | Date of transaction: JPMorgan Chase Bank deposited shares into a trust. |
| 07/01/2024 | Date of filing: Form 4 filed with the SEC. |
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