BofA Files SC 13D/A for AllianceBernstein Fund
Ticker: BACRP · Form: SC 13D/A · Filed: Jun 10, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | SC 13D/A |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $25,014.5833003128259, $25,000.00, $14.5833003128259 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
BofA updated its 13D filing for AllianceBernstein Muni Fund on 6/10/24. Watch for changes in ownership.
AI Summary
On June 10, 2024, Bank of America Corp. filed an amended Schedule 13D, indicating a change in its beneficial ownership of AllianceBernstein National Municipal Income Fund. The filing details changes in holdings and voting power related to the fund.
Why It Matters
This filing provides insight into significant shifts in institutional ownership and control of investment funds, which can impact fund management and investor sentiment.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can signal shifts in investment strategy or potential activism, requiring careful monitoring.
Key Players & Entities
- Bank of America Corp. /DE/ (company) — Filer of the SC 13D/A
- AllianceBernstein National Municipal Income Fund (company) — Subject company of the filing
- Banc of America Preferred Funding Corp (company) — Group member in the filing
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
The filing is an amendment to a previous Schedule 13D, indicating changes in beneficial ownership, but the specific details of the changes are not provided in the header information.
When was this amended Schedule 13D filed with the SEC?
This amended Schedule 13D was filed on June 10, 2024.
What is the subject company of this filing?
The subject company is AllianceBernstein National Municipal Income Fund.
Who is the primary filer of this SC 13D/A?
The primary filer is Bank of America Corp. /DE/.
What is the SEC file number associated with this filing?
The SEC file number is 005-81421.
Filing Stats: 1,978 words · 8 min read · ~7 pages · Grade level 14.2 · Accepted 2024-06-10 20:49:49
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