BofA Amends 13D for Pioneer Muni Fund Preferred Shares

TL;DR

**BofA just updated its stake in Pioneer Muni High Income Advantage Fund, watch for strategic shifts!**

AI Summary

Bank of America Corporation filed an amended Schedule 13D on January 26, 2024, regarding its ownership of Variable Rate Munifund Term Preferred Shares in Pioneer Municipal High Income Advantage Fund, Inc. This amendment, filed on January 24, 2024, indicates a change in the beneficial ownership or the purpose of the investment, requiring an update to their previous filing. For investors, this matters because it signals a potential shift in Bank of America's strategy or influence over the fund, which could impact the fund's future direction or stability.

Why It Matters

This filing indicates a change in Bank of America's stake or intent regarding Pioneer Municipal High Income Advantage Fund, Inc., potentially signaling strategic shifts for the fund.

Risk Assessment

Risk Level: medium — Changes in significant shareholder filings can introduce uncertainty regarding a company's future direction or stability.

Analyst Insight

Investors should monitor future filings from Bank of America regarding Pioneer Municipal High Income Advantage Fund, Inc. for further details on the nature of this change, as it could signal a shift in strategic intent or influence.

Key Numbers

• 723762407 — CUSIP Number (identifies the Variable Rate Munifund Term Preferred Shares)
• 005-84492 — SEC File Number (identifies the issuer's registration with the SEC)

Key Players & Entities

• Bank of America Corporation (company) — the entity filing the SC 13D/A
• Pioneer Municipal High Income Advantage Fund, Inc. (company) — the issuer of the securities
• BANC OF AMERICA PREFERRED FUNDING CORP (company) — a group member associated with the filing
• January 24, 2024 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the filing date of the SC 13D/A

Forward-Looking Statements

• Bank of America may be adjusting its investment strategy regarding municipal bond funds. (Bank of America Corporation) — medium confidence, target: Q2 2024
• Pioneer Municipal High Income Advantage Fund, Inc. could see changes in its preferred share structure or management due to increased shareholder scrutiny. (Pioneer Municipal High Income Advantage Fund, Inc.) — low confidence, target: Q3 2024

FAQ

Filing Documents

• ef20019805_sc13da.htm (SC 13D/A) — 124KB
• ef20019805_ex99-1.htm (EX-99.1) — 6KB
• ef20019805_ex99-2.htm (EX-99.2) — 5KB
• ef20019805_ex99-6.htm (EX-99.6) — 12KB
• 0001140361-24-003990.txt ( ) — 150KB

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

Item 6 of the Original Schedule 13D is hereby amended by adding the following at the end thereof: "The Waiver, dated as of January 24, 2024, has been entered into between the Issuer and BAPFC to waive the Issuer's obligation to comply with the Liquidity Requirement as defined therein for the period beginning on and including February 2, 2024 and continuing to and including March 4, 2024. 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 Limited Power of Attorney 99.6 Acknowledgement and Consent of Waiver Concerning Variable Rate MuniFund Term Preferred Shares, Series 2021 , dated January 24, 2024"

SIGNATURES

SIGNATURES 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: January 26, 2024 BANK OF AMERICA CORPORATION By: /s/ Michael Jentis Name: Michael Jentis Title: Attorney-in-fact BANC OF AMERICA PREFERRED FUNDING CORPORATION By: /s/ Michael Jentis Name: Michael Jentis Title: Authorized Signatory LIST OF EXHIBITS Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney 99.6 Acknowledgement and Consent of Waiver Concerning Variable Rate MuniFund Term Preferred Shares, Series 2021 , dated January 24, 2024 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 Board, Chief Executive Officer and Director Chairman of the Board and Chief Executive Officer of Bank of America Corporation Paul M. Donofrio Vice Chair Vice Chair of Bank of America Corporation Thong M. Nguyen Vice Chair, Head of Global Strategy & Enterprise Platforms Vice Chair, Head of Global Strategy & Enterprise Platforms of Bank of America Corporation Catherine P. Bessant Vice Chair, Global Strategy Vice Chair, Global Strategy of Bank of America Corporation Bruce R. Thompson Vice Chair, Head of Enterprise Credit Vice Chair, Head of Enterprise Credit of Bank of America Corporation Dean C. Athanasia President, Regional Banking President, Regional Banking of Bank of America Corporation James P. DeMare President, Global Markets President, Global Markets of Bank of

View Full Filing

View this SC 13D/A filing on SEC EDGAR