BofA Files SC 13D/A for BNY Mellon Strategic Municipals

TL;DR

BofA filed a 13D/A for BNY Mellon Strategic Municipals. Ownership change incoming.

AI Summary

On December 13, 2024, Bank of America Corp /DE/ filed an SC 13D/A amendment regarding BNY Mellon Strategic Municipals, Inc. The filing indicates a change in beneficial ownership, though specific dollar amounts or percentage changes were not detailed in this excerpt. This amendment was filed as of December 13, 2024.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy concerning BNY Mellon Strategic Municipals, Inc., which could impact its market position and investor relations.

Risk Assessment

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

Key Players & Entities

• BNY MELLON STRATEGIC MUNICIPALS, INC. (company) — Subject Company
• BANK OF AMERICA CORP /DE/ (company) — Filing Party
• 20241213 (date) — Filing Date

FAQ

Filing Documents

• ef20039680_sc13da.htm (SC 13D/A) — 173KB
• ef20039680_ex99-1.htm (EX-99.1) — 4KB
• ef20039680_ex99-2.htm (EX-99.2) — 10KB
• 0001140361-24-049510.txt ( ) — 190KB

From the Filing

SC 13D/A 1 ef20039680_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) BNY MELLON STRATEGIC MUNICIPALS, INC. (Name of issuer) VARIABLE RATE MUNIFUND TERM PREFERRED SHARES (Title of Class of Securities) 05588W702 (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 26, 2014 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(e), 13d-l(f) or 13d-l(g), check the following box . *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 in 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 CUSIP No. 05588W702 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 3,156 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,156 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,156 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 3,156 shares of VMTP shares outstanding as of September 30, 2024, as described in the Annual Report, N-CSR, filed by BNY Mellon Strategic Municipals, Inc. with the SEC on November 26, 2024. SCHEDULE 13D CUSIP No. 05588W702 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 3,156 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 3,156 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,156 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 3,156 shares of VMTP shares outstanding as of September 30, 2024, as described in the Annual Report, N-CSR, filed by BNY Mellon Strategic Municipals, Inc. with the SEC on November 26, 2024. Item 1. Security and Issuer This Amendment No.1 (this " Amendment ") amends, as set forth below, the statement on Schedule 13D, dated July 12, 2023 and filed with the SEC on July 24, 2023, (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 Variable Rate MuniFund Term Preferred Shares, Series 2023-1 (" VMTP Shares ") of BNY Mellon Strategic Municipals, Inc. (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 Person 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 thereto and the insertion of the following exhibits: Exhibit Description of Exhibit 99.1 Joint Filing A

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View this SC 13D/A filing on SEC EDGAR