BofA Files SC 13D/A Amendment for Blackrock MuniYield Fund
Ticker: BACRP · Form: SC 13D/A · Filed: Nov 18, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | SC 13D/A |
| Filed Date | Nov 18, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, ownership-change, sec-filing
TL;DR
BofA updated its stake in Blackrock MuniYield Fund. Check filing for details.
AI Summary
On November 18, 2024, Bank of America Corp. filed an SC 13D/A amendment regarding its holdings in Blackrock MuniYield Fund, Inc. The filing indicates a change in the reporting person's beneficial ownership, though specific details on the exact percentage change or dollar amounts are not immediately available in this excerpt. This amendment is a routine update to their previous filings.
Why It Matters
This filing signals a potential shift in significant ownership or control of Blackrock MuniYield Fund, Inc. by Bank of America, requiring investor attention.
Risk Assessment
Risk Level: medium — SC 13D/A filings often indicate significant changes in beneficial ownership, which can impact stock price and corporate control.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Reporting Person
- BLACKROCK MUNIYIELD FUND, INC. (company) — Subject Company
- BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group Member
- BOFA SECURITIES, INC. (company) — Group Member
FAQ
What is the specific change in beneficial ownership being reported by Bank of America Corp.?
The provided excerpt does not specify the exact percentage or number of shares that constitute the change in beneficial ownership. It only indicates that an amendment to the SC 13D/A was filed on November 18, 2024, reflecting a change.
When was the previous SC 13D filing for Bank of America Corp. concerning Blackrock MuniYield Fund, Inc. made?
The filing date of the previous SC 13D filing is not provided in this excerpt. This document is an amendment (SC 13D/A).
What is the Central Index Key (CIK) for Blackrock MuniYield Fund, Inc.?
The Central Index Key (CIK) for Blackrock MuniYield Fund, Inc. is 0000879361.
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.
What is the SIC code for Bank of America Corp.?
The Standard Industrial Classification (SIC) code for Bank of America Corp. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 2,373 words · 9 min read · ~8 pages · Grade level 14.6 · Accepted 2024-11-18 21:45:26
Key Financial Figures
- $100,000 — red on November 14, 2024 for a price of $100,000 per share (the "Transaction") and as a
Filing Documents
- ef20038841_sc13da.htm (SC 13D/A) — 167KB
- ef20038841_ex99-1.htm (EX-99.1) — 6KB
- ef20038841_ex99-2.htm (EX-99.2) — 7KB
- 0001140361-24-047233.txt ( ) — 182KB
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 2,514 VRDP Shares (CUSIP No. 09253W880) held by BAPFC were automatically tendered on November 14, 2024 for a price of $100,000 per share (the "Transaction") and as a result of the Transaction, BAPFC no longer own any VRDP Shares (CUSIP No. 09253W880) of the Issuer. BOFAS has purchased a portion of these shares in its capacity as market maker in the VRDP shares. 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 BAPFC no longer own any VRDP Shares (CUSIP No. 09253W880). BOFAS has purchased a portion of these shares in its capacity as market maker in the VRDP shares." Item 5. Interest in Securities of the Issuer Paragraph (d) and (e) of Item 5 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "(c) The reporting persons have affected the following transactions in the VRDP shares: TRADE DATE BUY/SELL QUANTITY PRICE EXECUTION 11/14 BUY 2514 Shares 251,400.00 OTC 11/14 SELL 1210 Shares 121,000,000 OTC 11/14 SELL 250 Shares 25,000,000 OTC 11/14 SELL 298 Shares 29,800,000 OTC (d) Not applicable. (e) On November 14, 2024, as a result of the Transaction, BAPFC 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 18, 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 BOFA SECURITIES, INC. 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 busines