BANK OF AMERICA CORP /DE/ 4
4 · PUTNAM MUNICIPAL OPPORTUNITIES TRUST · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
PMO 10% Owner Bank of America Buys and Sells 50 Shares
What Happened
- The reporting persons are Bank of America Corporation and its subsidiary Merrill Lynch. On 2026-03-19 they executed offsetting open-market transactions in Putnam Municipal Opportunities Trust (PMO): purchased 50 shares at $10.57 each (total $528.50) and sold 50 shares at $10.53 each (total $526.50). The two trades largely offset one another (net proceeds ≈ $2).
Key Details
- Transaction date: 2026-03-19.
- Purchase: 50 shares at $10.57 ($528.50).
- Sale: 50 shares at $10.53 ($526.50).
- Filing date (Form 4): 2026-03-23 (4 days after the trades).
- Shares owned after transaction: Not disclosed in the Form 4 summary provided.
- Notable footnotes:
- F1: Statement is jointly filed by Bank of America and Merrill Lynch; BofA holds an indirect interest via 100% ownership of Merrill and disclaims beneficial ownership except to the extent of any pecuniary interest.
- F2: Reporting persons disclaim forming a group for purposes of Section 13(d).
- F3: Without conceding >10% status, they state any short-swing profit potentially recoverable under Section 16(b) will be remitted to the issuer if applicable.
Context
- These are institutional-level trades reported by a reporting person listed as a 10% owner (with disclaimers). The paired buy and sell on the same day suggests a round-trip trade rather than a clear directional bet; purchases are generally more informative than sales, but here the net economic effect is negligible. The filing date is a few days after the trades—Form 4s are typically due within two business days, so review the original filing for any timeliness explanation.
Insider Transaction Report
Form 4
BANK OF AMERICA CORP /DE/
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2][F3]2026-03-19$10.57/sh+50$529→ 50 total(indirect: See Footnotes) - Sale
Common Stock
[F1][F2][F3]2026-03-19$10.53/sh−50$527→ 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.