Form 4: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund II

UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund II.

Summary

• UBS Group AG filed a Form 4 indicating changes in beneficial ownership of securities in PIMCO New York Municipal Income Fund II.
• The transaction occurred on April 17, 2024.
• UBS Group AG disposed of 1,976 shares of Auction Preferred Stock.
• The shares were disposed of at a price of 98% of par value.
• Following the transaction, UBS Group AG indirectly owns 0 shares through its subsidiaries.
• The filing is made jointly by UBS Group AG on behalf of its subsidiaries: UBS Securities LLC, UBS Financial Services Inc., and UBS Real Estate, Inc.(Resi).

Sentiment

Score: 5

Explanation: Neutral sentiment as it simply reports a change in ownership without indicating positive or negative implications.

Negatives

• UBS Group AG decreased its holdings in PIMCO New York Municipal Income Fund II.

Industry Context

This filing reflects changes in institutional ownership, which is a common occurrence in the investment management industry. Monitoring these changes can provide insights into investor sentiment and potential shifts in investment strategies regarding municipal income funds.

Stakeholder Impact

• The decrease in UBS Group AG's holdings could potentially influence investor perception of PIMCO New York Municipal Income Fund II.

Key Dates