Bank of America files SC 13D/A amendment
Ticker: BACRP · Form: SC 13D/A · Filed: Nov 12, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | SC 13D/A |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
BofA filed an update on Blackrock MuniHoldings NY Quality Fund. Ownership details to follow.
AI Summary
Bank of America Corp. filed an SC 13D/A amendment on November 12, 2024, related to Blackrock MuniHoldings New York Quality Fund, Inc. The filing indicates a change in beneficial ownership, though specific share counts or dollar amounts are not detailed in this excerpt. This amendment updates previous filings concerning the relationship between Bank of America and the Blackrock fund.
Why It Matters
This filing signals a potential shift in the ownership or control structure involving a significant financial entity and a Blackrock municipal holdings fund, which could impact market perception and investment strategies.
Risk Assessment
Risk Level: medium — SC 13D/A filings often indicate significant changes in beneficial ownership, which can lead to market volatility or strategic shifts for the involved companies.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Filer
- BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC. (company) — Subject Company
- BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group Member
FAQ
What specific change in beneficial ownership is being reported by Bank of America Corp. in this SC 13D/A filing?
The provided excerpt does not specify the exact change in beneficial ownership, only that an amendment to the SC 13D/A filing was made on November 12, 2024.
What is the Central Index Key (CIK) for Blackrock MuniHoldings New York Quality Fund, Inc.?
The CIK for Blackrock MuniHoldings New York Quality Fund, Inc. is 0001038186.
What is the business address of Bank of America Corp. as listed in this filing?
The business address for Bank of America Corp. is BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE, NC 28255.
When was Bank of America Corp. formerly known as NCNB Corp?
Bank of America Corp. was formerly known as NCNB Corp, with a date of name change in 19920703.
What is the filing date for this SC 13D/A amendment?
The filing date for this SC 13D/A amendment is November 12, 2024.
Filing Stats: 1,914 words · 8 min read · ~6 pages · Grade level 14.3 · Accepted 2024-11-12 18:57:23
Key Financial Figures
- $100,000 — red on November 07, 2024 for a price of $100,000 per share (the "Transaction") and as a
Filing Documents
- ef20038536_sc13da.htm (SC 13D/A) — 103KB
- ef20038536_ex99-1.htm (EX-99.1) — 4KB
- ef20038536_ex99-2.htm (EX-99.2) — 10KB
- 0001140361-24-046268.txt ( ) — 119KB
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 2,436 VRDP Shares (CUSIP No. 09255C700) held by BAPFC were automatically tendered on November 07, 2024 for a price of $100,000 per share (the "Transaction") and as a result of the Transaction, the Reporting Persons no longer own any VRDP Shares (CUSIP No. 09255C700) 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 VRDP Shares (CUSIP No. 09255C700) of the Issuer." Item 5. Interest in Securities of the Issuer Paragraph (d) and (e) of Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety with the following : "(d) Not applicable (e) On November 7, 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: November 12, 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. 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 C