Form 4: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund
SEC Form 4 Filing
UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund.
Summary
- UBS Group AG filed a Form 4 detailing changes in beneficial ownership of PIMCO New York Municipal Income Fund's Auction Preferred Stock.
- On April 17, 2024, UBS Group AG disposed of 1,286 shares of Auction Preferred Stock.
- Following the transaction, UBS Group AG indirectly owns 0 shares through its subsidiaries.
- The shares were disposed of at 98% of par value.
- The filing is made on behalf of UBS Securities LLC, UBS Financial Services Inc., and UBS Real Estate, Inc. (Resi), all wholly-owned subsidiaries of UBS Group AG.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a change in ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of transaction: disposal of 1,286 shares of Auction Preferred Stock |
| 04/17/2024 | Date of report filing |
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