Form 4: UBS Group AG Disposes of Auction Preferred Securities in PIMCO Municipal Income Fund II

UBS Group AG reports the disposal of 9,288 Auction Preferred Securities in PIMCO Municipal Income Fund II on April 17, 2024.

Summary

• UBS Group AG filed a Form 4 on April 17, 2024, reporting a change in beneficial ownership of securities in PIMCO Municipal Income Fund II (PML).
• The transaction involved the disposal of 9,288 Auction Preferred Securities.
• The securities were disposed of at a price of 98% of par value.
• Following the transaction, UBS Group AG no longer directly owns these securities.
• The securities are indirectly owned by subsidiaries including UBS Securities LLC, UBS Financial Services Inc., and UBS Real Estate, Inc. Resi.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects ongoing transactions in the market for municipal securities and the management of related financial instruments by large financial institutions like UBS.

Stakeholder Impact

• The transaction may affect the holdings and valuation of PIMCO Municipal Income Fund II for its shareholders.
• The transaction impacts UBS Group AG and its subsidiaries by altering their securities holdings.

Key Dates