BofA Files 13D/A Amendment on Invesco Trust

TL;DR

BofA updated its filing on Invesco Muni Trust. Ownership details TBD.

AI Summary

On December 13, 2024, Bank of America Corp. filed an SC 13D/A amendment regarding its holdings in Invesco California Value Municipal Income Trust. The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt. This amendment is an update to previous filings concerning the trust.

Why It Matters

This filing signals a potential shift in significant beneficial ownership of Invesco California Value Municipal Income Trust by a major financial institution, which could impact the trust's governance or strategic direction.

Risk Assessment

Risk Level: medium — Amendments to SC 13D filings often indicate changes in significant ownership stakes, which can lead to shifts in control or influence, creating uncertainty for other investors.

Key Players & Entities

• Bank of America Corp. /DE/ (company) — Reporting Person
• Invesco California Value Municipal Income Trust (company) — Subject Company
• BANC OF AMERICA PREFERRED FUNDING CORP (company) — Group Member

FAQ

Filing Documents

• ef20038223_sc13da.htm (SC 13D/A) — 589KB
• ef20038223_ex99-1.htm (EX-99.1) — 3KB
• 0001140361-24-049420.txt ( ) — 595KB

From the Filing

SC 13D/A 1 ef20038223_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 4 ) INVESCO CALIFORNIA VALUE MUNICIPAL INCOME TRUST (Name of Issuer) Series 2015/6-VCV Variable Rate Muni Term Preferred Shares (Title of Class of Securities) 46132H601 (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) June 10, 2020 (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 that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. 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 on 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/A CUSIP No. 46132H601 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 1,770 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,770 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,770 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%* 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC * The calculation of the percentage of outstanding shares is based on 1,770 shares of VMTP shares outstanding as of May 31, 2024, as disclosed by the Issuer in its Joint Proxy Statement filed with the SEC on July 2, 2024. CUSIP No. 46132H601 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 1,770 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,770 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,770 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%* 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO *The calculation of the percentage of outstanding shares is based on 1,770 shares of VMTP shares outstanding as of May 31, 2024, as disclosed by the Issuer in its Joint Proxy Statement filed with the SEC on July 2, 2024. This Amendment No. 4 (this " Amendment ") amends, as set forth below, the statement on Schedule 13D, dated November 18, 2019 and filed with the SEC on November 27, 2019 (as amended to the date hereof, the " Original Schedule 13D ") for Bank of America Corporation (" BAC ") and Banc of America Preferred Funding Corporation (" BAPFC ") (collectively, the " Reporting Persons ") with respect to the Series 2015/6-VCV Variable Rate Muni Term Preferred Shares (" VMTP Shares ") of Invesco California Value Municipal Income Trust (the " Issuer "). This Amendment is being filed to disclose previously unreported trades. 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 The Reporting Persons have effected the transactions in securities of the Issuer identified in Schedule III. 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 t

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View this SC 13D/A filing on SEC EDGAR