Bank of America files 13D/A on Blackrock MuniYield Fund
Ticker: BACRP · Form: SC 13D/A · Filed: Nov 19, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | SC 13D/A |
| Filed Date | Nov 19, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-disclosure, amendment, municipal-bonds
TL;DR
BOFA updated its stake in Blackrock MuniYield Fund, Inc. on 11/19/24. No major changes disclosed yet.
AI Summary
Bank of America Corp. (BOFA) filed an amended Schedule 13D on November 19, 2024, regarding its beneficial ownership of Blackrock MuniYield Fund, Inc. The filing indicates a change in the reporting of certain securities, but does not specify a new dollar amount or percentage of ownership. BOFA Securities, Inc. is listed as a group member in this filing.
Why It Matters
This filing updates the ownership disclosure for Blackrock MuniYield Fund, Inc., which could signal changes in investment strategy or significant holdings by Bank of America. Investors will monitor for any shifts in the fund's major stakeholders.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous disclosure and does not indicate a new or significant change in ownership or control that would immediately impact risk.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Filing entity
- BLACKROCK MUNIYIELD FUND, INC. (company) — Subject company
- BOFA SECURITIES, INC. (company) — Group member
FAQ
What specific changes are being reported in this amended Schedule 13D filing?
The filing indicates a change in the reporting of certain securities but does not specify the exact nature or extent of the changes in beneficial ownership or the dollar amounts involved.
When was this amended Schedule 13D filed?
This amended Schedule 13D was filed on November 19, 2024.
Who is the subject company in this filing?
The subject company is BLACKROCK MUNIYIELD FUND, INC.
Is Bank of America Corp. the only entity filing or being reported?
No, BOFA SECURITIES, INC. is listed as a group member in this filing.
Does the filing specify a new percentage of ownership for Bank of America Corp.?
The provided text does not specify a new percentage of ownership; it only indicates an amendment to a previous filing.
Filing Stats: 1,952 words · 8 min read · ~7 pages · Grade level 14.4 · Accepted 2024-11-19 19:22:27
Key Financial Figures
- $100,000 — es on November 15, 2024, for a price of $100,000 per share (the "Transaction") and as a
Filing Documents
- ef20038882_sc13da.htm (SC 13D/A) — 141KB
- ef20038882_ex99-1.htm (EX-99.1) — 5KB
- ef20038882_ex99-2.htm (EX-99.2) — 10KB
- 0001140361-24-047324.txt ( ) — 158KB
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 320 VRDP Shares (CUSIP No. 09253W880) were sold by BOFAS in its capacity as market maker in VRDP Shares on November 15, 2024, for a price of $100,000 per share (the "Transaction") and as a result of the Transaction, BOFAS owns 436 VRDP Shares (CUSIP No. 09253W880) 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, BOFAS owns 436 VRDP Shares (CUSIP No. 09253W880 )." Item 5. Interest in Securities of the Issuer Paragraph (c) 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 11/14/2024 BUY 2514 Shares 251,400,000 OTC 11/14/2024 SELL 1210 Shares 121,000,000 OTC 11/14/2024 SELL 250 Shares 25,000,000 OTC 11/14/2024 SELL 298 Shares 29,800,000 OTC 11/15/2024 SELL 320 Shares 32,000,000 OTC " 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 19, 2024. BANK OF AMERICA 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 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 Dire