Form 4: JPMorgan Chase Transfers PIMCO Municipal Income Fund Shares to Trust

JPMorgan Chase Bank, N.A. transferred 149 shares of PIMCO New York Municipal Income Fund II's Remarketable Variable Rate Munifund Term Preferred Shares into a trust, retaining indirect beneficial ownership.

Summary

• On June 27, 2024, JPMorgan Chase Bank, N.A. (JPMCB) transferred 149 Remarketable Variable Rate Munifund Term Preferred Shares of PIMCO New York Municipal Income Fund II (PNI) into the J.P. Morgan Taxable Putters/Taxable Drivers, Series 5061 Trust.
• Prior to the transfer, 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 routine regulatory filing detailing a change in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing reflects a change in the form of ownership of securities, which is a common occurrence in the financial industry as institutions manage their assets and structure their holdings.

Stakeholder Impact

• The transfer of shares into a trust may have a minor impact on shareholders, as the beneficial ownership remains with JPMorgan Chase Bank, N.A.

Key Dates