Wells Fargo Files 13D/A for PIMCO NY Muni Fund II

TL;DR

Wells Fargo updated its 13D filing for PIMCO NY Muni Fund II. Watch for potential strategy changes.

AI Summary

On June 14, 2024, Wells Fargo & Company, through its subsidiary Wells Fargo Municipal Capital Strategies, LLC, filed an amendment (Amendment No. 5) to its Schedule 13D regarding PIMCO New York Municipal Income Fund II. This filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in the provided text.

Why It Matters

This filing signals a potential shift in control or investment strategy concerning the PIMCO New York Municipal Income Fund II, which could impact its market performance and investor holdings.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes, which can lead to volatility or strategic shifts in the subject company.

Key Players & Entities

• Wells Fargo & Company (company) — Filer
• Wells Fargo Municipal Capital Strategies, LLC (company) — Subsidiary of Filer
• PIMCO New York Municipal Income Fund II (company) — Subject Company
• Vera Gurova (person) — Senior Counsel at Wells Fargo & Company

FAQ

Key Financial Figures

• $100,000 — d typically included fines of less than $100,000 each. STATE OF MISSOURI SETTLEMENT On
• $300,000 — m that his ex-wife misappropriated over $300,000 out of his IRA account during the perio
• $25,672.17 — onsented to a censure and agreed to pay $25,672.17 to the Missouri Secretary of States Inv
• $3,411,478.78 — restitution to certain clients totaling $3,411,478.78. FINRA SETTLEMENT On June 21, 2017, W
• $3.25 million — rm consented to a censure, payment of a $3.25 million fine, and an undertaking to review its
• $3,500,000 — rder, a censure, and a civil penalty of $3,500,000. Wells Fargo Advisors also agreed to vo
• $270,000 — m agreed to a total monetary payment of $270,000. NYSE SETTLEMENT On February 2, 2018,
• $10,000 — y 29, 2016. WFPS consented to a fine of $10,000. STATE OF NEVADA SECURITIES DIVISION
• $8,000 — client meetings. WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the
• $1,446.13 — . WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the examinations condu
• $5,108,441.27 — consented to a censure and a payment of $5,108,441.27 representing disgorgement, prejudgment
• $450,000 — ng payment of an administrative fine of $450,000. SEC SETTLEMENT On March 11, 2019, th
• $17,363,847.29 — cease-and-desist order and to disgorge $17,363,847.29 in 12b-1 fees through a restitution pro
• $75 million — the firms role as placement agent in a $75 million bond offering by the Rhode Island Econo
• $812,500 — nsented to injunctions and a penalty of $812,500. FINRA SETTLEMENT On January 29, 2020

Filing Documents

• d844570dsc13da.htm (SC 13D/A) — 94KB
• d844570dex991.htm (EX-99.1) — 6KB
• d844570dex992.htm (EX-99.2) — 5KB
• 0001193125-24-161240.txt ( ) — 106KB

SIGNATURES

SIGNATURES 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: June 14, 2024 WELLS FARGO & COMPANY By: /s/ Patricia Arce Name: Patricia Arce Title: Designated Signer WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC By: /s/ Matthew N. Antunes Name: Matthew N. Antunes Title: Senior Vice President LIST OF EXHIBITS Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney 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 Wells Fargo & Company. The business address of each of the executive officers and directors of Wells Fargo & Company is 420 Montgomery Street, San Francisco, CA 94104. Name Position with Wells Fargo & Company Principal Occupation Charles W. Scharf Chief Executive Officer and President; Director Chief Executive Officer of Wells Fargo & Company and Director Muneera S. Carr Executive Vice President, Chief Accounting Officer, and Controller Chief Accounting Officer and Controller of Wells Fargo & Company Kristy W. Fercho Senior Executive Vice President, Head of Diverse Segments, Representation & Inclusion Head of Diverse Segments, Representation & Inclusion of Wells Fargo & Company Derek A. Flowers Senior Executive Vice President and Chief Risk Officer Chief Risk Officer of Wells Fargo & Company Kyle G. Hranicky Senior Executive Vice President, CEO of Commercial Banking CEO of Commercial Banking of Wells Fargo & Company Tracy M. Kerrins Senior Executive Vice President, Head of Technology Head of Technology of Wells Fargo & Company Bei Ling Senior Executive Vice President, Head of Human Resources Head of Human Resources for Wells Fargo & Company Ellen R. Patterson Senior Executive Vice President and

View Full Filing

View this SC 13D/A filing on SEC EDGAR