Form 4: JPMorgan Chase Bank 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 shares, transferring them into a trust.
Summary
- On July 1, 2024, JPMorgan Chase Bank, N.A. (JPMCB) transferred 182 shares of PIMCO Municipal Income Fund Remarketable Variable Rate Munifund Term Preferred Shares, Series 2054-A (RVMTP Shares) into the J.P. Morgan Taxable Putters/Taxable Drivers, Series 5062 Trust.
- Prior to this transaction, JPMCB directly owned these shares.
- Following the transfer, 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 neutral regulatory filing indicating a change in the form of ownership, not necessarily reflecting a positive or negative outlook.
Industry Context
This filing reflects standard reporting requirements for changes in beneficial ownership by entities holding significant positions in publicly traded securities. It's a routine part of regulatory compliance for financial institutions.
Stakeholder Impact
- The transfer of shares into a trust may have minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: JPMorgan Chase Bank transferred shares to a trust. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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