Form 4: Bank of America Corp Reports Changes in Beneficial Ownership of PIMCO Municipal Income Fund II
SEC Form 4
Bank of America Corp, along with its subsidiaries, reports transactions in PIMCO Municipal Income Fund II (PML) common stock, indicating changes in beneficial ownership.
Summary
- Bank of America Corporation, Banc of America Preferred Funding Corporation, and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly filed a statement regarding changes in beneficial ownership of PIMCO Municipal Income Fund II (PML) common stock.
- The transactions include both acquisitions and dispositions of PML shares.
- On October 11, 2024, 1 share was disposed of at $9.18.
- On October 16, 2024, 1 share was acquired at $9.14.
- On October 30, 2024, 200 shares were acquired at $8.84.
- On October 31, 2024, 200 shares were disposed of at $8.88.
- The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
- The filing includes a joint filing agreement effective as of December 20, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership, which is common for entities holding significant positions in publicly traded securities. It reflects the ongoing investment activities of Bank of America and its subsidiaries.
Comparison to Industry Standards
- Form 4 filings are standard practice for entities exceeding certain ownership thresholds in publicly traded companies, ensuring transparency in the market.
- Similar filings are regularly made by other large financial institutions like JP Morgan Chase, Citigroup, and Goldman Sachs when their ownership positions in various companies change.
Stakeholder Impact
- The filing provides transparency to shareholders of PIMCO Municipal Income Fund II regarding the ownership changes of a major institutional holder.
- The transactions themselves may have a minor impact on the trading volume and price of PML shares.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Disposition of 1 share of PML common stock at $9.18 |
| 10/16/2024 | Acquisition of 1 share of PML common stock at $9.14 |
| 10/30/2024 | Acquisition of 200 shares of PML common stock at $8.84 |
| 10/31/2024 | Disposition of 200 shares of PML common stock at $8.88 |
| 12/20/2024 | Date of Joint Filing Agreement |
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