Bank of America Files SC 13D/A for AllianceBernstein Fund

TL;DR

BofA filed an update on their AllianceBernstein Muni Fund stake. Keep an eye on this.

AI Summary

On June 10, 2024, Bank of America Corp. filed an SC 13D/A amendment regarding its holdings in AllianceBernstein National Municipal Income Fund. The filing indicates a change in the reporting person's status or ownership, though specific dollar amounts or percentage changes are not detailed in this excerpt. This amendment updates information previously filed under the Securities Exchange Act of 1934.

Why It Matters

This filing signals a potential shift in the ownership or reporting of a significant stake in the AllianceBernstein National Municipal Income Fund by Bank of America, which could influence the fund's future operations or strategy.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategy or potential future actions that may impact the company's stock.

Key Players & Entities

• Bank of America Corp. /DE/ (company) — Filing Person
• AllianceBernstein National Municipal Income Fund (company) — Subject Company
• BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group Member

FAQ

Key Financial Figures

• $25,014.5833003128259 — by the issuer for a redemption price of $25,014.5833003128259 per share (the " Transaction ") (which
• $25,000.00 — ch includes a liquidation preference of $25,000.00 per share and final accumulated but unp
• $14.5833003128259 — nal accumulated but unpaid dividends of $14.5833003128259 per share) and as result of the redempt

Filing Documents

• ef20030971_sc13da.htm (SC 13D/A) — 105KB
• ef20030971_ex99-1.htm (EX-99.1) — 3KB
• ef20030971_ex99-2.htm (EX-99.2) — 9KB
• 0001140361-24-029621.txt ( ) — 120KB

of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof

Item 3 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "The 5,754 VMTP Shares (CUSIP No. 46132H601) held by BAPFC were redeemed by the issuer for a redemption price of $25,014.5833003128259 per share (the " Transaction ") (which includes a liquidation preference of $25,000.00 per share and final accumulated but unpaid dividends of $14.5833003128259 per share) and as result of the redemption, the Reporting Persons no longer own any VMTP Shares (CUSIP No. 46132H601) of the Issuer." Item 4 Purpose of the Transaction

of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof

Item 4 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "As a result of the Transaction, the Reporting Persons no longer own any VMTP Shares (CUSIP No. 46132H601) of the Issuer." Item 5. Interest in Securities of the Issuer Paragraphs (a), (b) and (c) of Item 5 of the Original Schedule 13D are hereby amended and restated in their entirety by incorporating by reference the cover pages of this Amendment. Paragraph (d) and (e) of Item 5 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "(d) Not applicable (e) On June 6, 2024, as a result of the Transaction, the Reporting Persons ceased to be the beneficial owner of more than five percent of the class of securities." Item 7. Material to be Filed as Exhibits Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and the insertion of the following exhibits: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Power of Attorney SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true , complete and correct. Date: June 10, 2024. BANK OF AMERICA CORPORATION By: /s/ Andres Ortiz Name: Andres Ortiz Title: Authorized Signatory BANC OF AMERICA PREFERRED FUNDING CORPORATION By: /s/ Andres Ortiz Name: Andres Ortiz Title: Authorized Signatory SCHEDULE I EXECUTIVE OFFICERS AND DIRECTORS OF REPORTING PERSONS The following sets forth the name and present principal occupation of each executive officer and director of Bank of America Corporation. The business address of each of the executive officers and directors of Bank of America Corporation is Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina 28255. Name Position with Bank of America Corporation Principal Occupation Brian T. Moynihan Chairman of the

View Full Filing

View this SC 13D/A filing on SEC EDGAR