BANK OF AMERICA CORP /DE/ 4
4 · PIMCO MUNICIPAL INCOME FUND II · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
PIMCO (PML) Bank of America (10% Owner) Buys and Sells 65 Shares
What Happened
- Bank of America Corporation (jointly filing with Merrill Lynch), reported an open-market purchase of 65 shares of PIMCO Municipal Income Fund II (PML) at $7.74 ($503 total) and an open-market sale of 65 shares at $7.63 ($496 total) on March 13, 2026. The two offsetting trades resulted in a net cash loss of $7 on identical share counts. This filing is by an institutional 10% owner rather than an individual executive.
Key Details
- Transaction dates and prices: 2026-03-13 — Purchase 65 shares @ $7.74 ($503); Sale 65 shares @ $7.63 ($496).
- Shares owned after transaction: Not specified in the filing.
- Filing date: 2026-03-17 — filed on the second business day after the trades (timely).
- Notable footnotes:
- F1: Joint filing by Bank of America and Merrill Lynch; each disclaims beneficial ownership except to the extent of any pecuniary interest.
- F2: Reporting persons state the filing should not be read as forming a group for Section 13(d) purposes.
- F3: Without conceding Section 16(b) status, they state any short-swing profit potentially recoverable would be remitted to the issuer if applicable.
Context
- These were routine open-market buy and sell transactions by an institutional holder; paired buys and sells of equal size generally don’t indicate a directional insider signal. For retail investors, purchases typically attract more attention than sales, but here the buy and sell offset each other and the amounts are small.
Insider Transaction Report
Form 4
BANK OF AMERICA CORP /DE/
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2][F3]2026-03-13$7.74/sh+65$503→ 65 total(indirect: See Footnotes) - Sale
Common Stock
[F1][F2][F3]2026-03-13$7.63/sh−65$496→ 0 total(indirect: See Footnotes)
Footnotes (3)
- [F1]This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
- [F2]Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
- [F3]Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.