Form 4: UBS Group AG Reduces Stake in PIMCO California Municipal Income Fund III
SEC Form 4 Filing
UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO California Municipal Income Fund III following a transaction on April 17, 2024.
Summary
- UBS Group AG filed a Form 4 indicating changes in beneficial ownership of PIMCO California Municipal Income Fund III (PZC).
- On April 17, 2024, UBS Group AG disposed of 3,349 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 jointly by UBS Group AG on behalf of its wholly-owned subsidiaries UBS Securities LLC, UBS Financial Services Inc., and UBS Real Estate, Inc. (Resi).
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views.
Negatives
- UBS Group AG decreased its holdings in PIMCO California Municipal Income Fund III.
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: UBS Group AG disposed of 3,349 shares of Auction Preferred Stock. |
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