4/A: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund III

UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund III following a transaction on April 17, 2024.

Summary

• UBS Group AG filed an amended Form 4 on April 17, 2024, reporting a change in beneficial ownership of PIMCO New York Municipal Income Fund III's Auction Preferred Stock.
• The transaction involved the disposal of 1,038 shares of Auction Preferred Stock on April 17, 2024.
• Following the transaction, UBS Group AG's holdings of Auction Preferred Stock decreased to 0 shares.
• The shares are indirectly owned by subsidiaries of UBS Group AG, including UBS Securities LLC, UBS Financial Services Inc., and UBS Real Estate, Inc. (Resi).

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a transaction. The decrease in holdings could be interpreted negatively, but without further context, it's a neutral event.

Negatives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a change in UBS Group AG's investment position in PIMCO New York Municipal Income Fund III.

Stakeholder Impact

• Shareholders of PIMCO New York Municipal Income Fund III may react to the change in UBS Group AG's holdings.

Key Dates