Form 4: JPMorgan Chase Transfers PIMCO Municipal Income Fund Shares to Trust
SEC Form 4 Filing
JPMorgan Chase Bank, N.A. reports a change in beneficial ownership of PIMCO Municipal Income Fund III shares, transferring them into a trust.
Summary
- On July 1, 2024, JPMorgan Chase Bank, N.A. (JPMCB) transferred 343 shares of PIMCO Municipal Income Fund III Remarketable Variable Rate Munifund Term Preferred Shares, Series 2054-A (RVMTP Shares) into the J.P. Morgan Taxable Putters/Taxable Drivers, Series 5064 Trust.
- Prior to the transfer, JPMCB directly owned these shares.
- Following the transaction, JPMCB retains indirect beneficial ownership of the shares through its beneficiary status and contractual rights within the trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a transfer of assets into a trust, with no inherent positive or negative sentiment.
Industry Context
This filing reflects routine transactions related to beneficial ownership and trust management, common in the financial services industry.
Stakeholder Impact
- The transfer of shares into a trust may have a minor impact on shareholders due to the change in direct versus indirect ownership, but the overall economic exposure remains with JPMorgan Chase.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: JPMorgan Chase Bank, N.A. transferred shares into a trust. |
| 07/03/2024 | Date of signature on the SEC Form 4 filing. |
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