Bank of America files SC 13D/A for Federated Hermes Municipal Fund

TL;DR

BofA filed a 13D/A for Federated Hermes Muni Fund - ownership change incoming.

AI Summary

Bank of America Corp. (DE) filed an SC 13D/A on October 21, 2024, indicating a change in its beneficial ownership of Federated Hermes Premier Municipal Income Fund. The filing details changes in holdings and voting power related to the fund.

Why It Matters

This filing signals a potential shift in significant ownership or control of the Federated Hermes Premier Municipal Income Fund, which could impact its management and investment strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts or potential activism, which may affect the fund's future performance and stability.

Key Players & Entities

• Bank of America Corp /DE/ (company) — Filing entity
• Federated Hermes Premier Municipal Income Fund (company) — Subject company
• BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group member

FAQ

Filing Documents

• ef20037517_sc13da.htm (SC 13D/A) — 106KB
• ef20037517_ex99-1.htm (EX-99.1) — 5KB
• ef20037517_ex99-2.htm (EX-99.2) — 10KB
• 0001140361-24-043830.txt ( ) — 123KB

From the Filing

SC 13D/A 1 ef20037517_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 05)* FEDERATED HERMES PREMIER MUNICIPAL INCOME FUND (Name of issuer) VARIABLE RATE DEMAND PREFERRED SHARES (Title of Class of Securities) 31423P504 (CUSIP Number) Bank of America Corporation Bank of America Corporate Center 100 N. Tryon Street Charlotte, North Carolina 28255 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 17, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(e), 13d-l(f) or 13d-l(g), check the following box . *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 09262J201 1 NAMES OF REPORTING PERSONS Bank of America Corporation 56-0906609 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 1,347 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,347 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,347 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 100.0% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC SCHEDULE 13D CUSIP No. 09262J201 1 NAMES OF REPORTING PERSONS Banc of America Preferred Funding Corporation 75-2939570 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 1,347 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,347 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,347 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 100.0% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) co Item 1. Security and Issuer This Amendment No. 5 (this " Amendment ") amends, as set forth below, the statement on Schedule 13D, dated January 1, 2011 and filed with the SEC on January11, 2011 (as amended to the date hereof, the " Original Schedule 13D "), of Bank of America Corporation (" BAC ") and Banc of America Preferred Funding Corporation (" BAPFC ") (collectively, the " Reporting Persons ") with respect to the variable rate municipal term preferred shares ("VMTP Shares") of Federated Hermes Premier Municipal Income Fund (the "Issuer"). This Amendment is being filed to report a change in the Reporting Person's ownership percentage of the Issuer as a result of the redemption of 425 VMTP (CUSIP No. 31423P504) Shares on October 17, 2024, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by Federated Hermes Premier Municipal Income Fund with the SEC on October 16, 2024. The Reporting Persons are currently analyzing their additional trading activity in securities of the Issuer and expect to file another Schedule 13D amendment as promptly as reasonably practicable once that analysis is complete. Item 2. Identity and Background Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment. Item 5. Interest in Securities of the Issuer Paragraphs (a) and (b) 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 (c) of Item 5 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "The 425 VMTP shares held by BAPFC were redeemed by the Issuer on Oct

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