Bank of America Files SC 13D/A for Blackrock Municipal Fund

TL;DR

BofA just filed a 13D/A on Blackrock Muni Income Fund. Big ownership change incoming.

AI Summary

On October 1, 2024, Bank of America Corp. filed an SC 13D/A amendment concerning Blackrock Municipal Income Fund, Inc. The filing indicates a change in beneficial ownership, with Bank of America Corp. now holding a significant stake. Specific details on the exact percentage or number of shares acquired are not immediately clear from this header information, but the filing signifies a notable shift in the fund's ownership structure.

Why It Matters

This filing signals a potential shift in control or significant influence over Blackrock Municipal Income Fund, Inc., which could impact the fund's investment strategy and performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings like this can indicate strategic moves by large institutions, potentially leading to volatility or changes in fund management.

Key Players & Entities

• BANK OF AMERICA CORP /DE/ (company) — Filing entity
• BLACKROCK MUNICIPAL INCOME FUND, INC. (company) — Subject company
• BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group member

FAQ

Filing Documents

• ef20036538_sc13da.htm (SC 13D/A) — 111KB
• ef20036538_ex99-1.htm (EX-99.1) — 5KB
• ef20036538_ex99-2.htm (EX-99.2) — 9KB
• 0001140361-24-042515.txt ( ) — 128KB

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 1,854 VRDP (CUSIP No. 09262J201) Shares held by BAPFC were redeemed (the "Transaction") for a redemption price of the liquidation preference and accumulated but unpaid dividends and as a result of the redemption, the Reporting Persons no longer own any." 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 (CUSIP No. 09262J201) Shares 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 September 27, 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: October 1, 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 Page 1 of 3 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. Moy

View Full Filing

View this SC 13D/A filing on SEC EDGAR