Bank of America Files 13D/A for BlackRock Municipal Trust
Ticker: BACRP · Form: SC 13D/A · Filed: Nov 20, 2024 · CIK: 70858
| Field | Detail |
|---|---|
| Company | Bank Of America CORP /De/ (BACRP) |
| Form Type | SC 13D/A |
| Filed Date | Nov 20, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, municipal-bond-fund
TL;DR
BofA filed a 13D/A for BlackRock Muni Trust - ownership update.
AI Summary
On November 20, 2024, Bank of America Corp. filed an amendment to its Schedule 13D, indicating a change in its beneficial ownership of BlackRock Long-Term Municipal Advantage Trust. The filing does not specify the exact number of shares or the percentage of ownership change, but it is an update to a previous filing.
Why It Matters
This filing signals a potential shift in significant holdings for BlackRock Long-Term Municipal Advantage Trust, which could influence its stock performance and investor sentiment.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the subject company.
Key Players & Entities
- BANK OF AMERICA CORP /DE/ (company) — Filer
- BlackRock Long-Term Municipal Advantage Trust (company) — Subject Company
- BOFA SECURITIES, INC. (company) — Group Member
- BlackRock Municipal Advantage Income Trust (company) — Former Company Name
- BANKAMERICA CORP/DE/ (company) — Former Company Name
- NATIONSBANK CORP (company) — Former Company Name
- NCNB CORP (company) — Former Company Name
FAQ
What specific change in beneficial ownership is Bank of America Corp. reporting for BlackRock Long-Term Municipal Advantage Trust?
The filing is an amendment to a Schedule 13D and indicates a change in beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not explicitly stated in the provided excerpt.
When was this amendment filed with the SEC?
This amendment was filed on November 20, 2024.
What is the Central Index Key (CIK) for BlackRock Long-Term Municipal Advantage Trust?
The CIK for BlackRock Long-Term Municipal Advantage Trust is 0001343793.
What is the CIK for Bank of America Corp. /DE/?
The CIK for Bank of America Corp. /DE/ is 0000070858.
What is the filing type and SEC file number for this submission?
The filing type is SC 13D/A, and the SEC file number is 005-84666.
Filing Stats: 1,990 words · 8 min read · ~7 pages · Grade level 14.6 · Accepted 2024-11-20 17:44:03
Key Financial Figures
- $100,000 — are on November 18, 2024 for a price of $100,000 per share (the "Transactions") and as a
Filing Documents
- ef20038970_sc13da.htm (SC 13D/A) — 140KB
- ef20038970_ex99-1.htm (EX-99.1) — 5KB
- ef20038970_ex99-2.htm (EX-99.2) — 10KB
- 0001140361-24-047416.txt ( ) — 157KB
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 380 VRDP Shares (CUSIP No. 09250B202) were sold by BOFAS in its capacity as market maker in VRDP Share on November 18, 2024 for a price of $100,000 per share (the "Transactions") and as a result of the Transactions, BOFAS no longer owns any VRDP Shares (CUSIP No. 09250B202) 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 Transactions, BOFAS no longer owns any VRDP Shares (CUSIP No. 09248L502) of the Issuer." Item 5. Interest in Securities of the Issuer Paragraph (c), (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 VRDP shares. TRADE DATE BUY/SELL QUANTITY PRICE EXECUTION 11/14 BUY 760 Shares 76,000,000 OTC 11/14 SELL 380 Shares 38,000,000 OTC 11/18 SELL 250 Shares 25,000,000 OTC 11/18 SELL 130 Shares 13,000,000 OTC (d) Not applicable. (e) On November 18, 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 20, 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 2 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. N