BANK OF AMERICA CORP /DE/ 4
4 · Nuveen Municipal Credit Income Fund · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Nuveen (NZF) — Bank of America (10% Owner) Buys and Sells 8 Shares
What Happened Bank of America Corporation (filing jointly with Merrill Lynch and identified as a 10% owner) executed a small round-trip trade in Nuveen Municipal Credit Income Fund (NZF) common shares on February 25, 2026. The filing reports an open-market or private purchase of 8 shares at $12.88 each (total $103) and an open-market or private sale of 8 shares at $12.96 each (total $104). The two trades effectively offset each other and produced a nominal gross difference of $1.
Key Details
- Transaction date: 2026-02-25 (both purchase and sale).
- Purchase: 8 shares at $12.88 — total reported cost $103.
- Sale: 8 shares at $12.96 — total reported proceeds $104.
- Filing date: 2026-02-27; reported within the standard two-business-day window and not flagged as late.
- Shares owned after the transactions: not specified in the provided filing summary.
- Footnotes: F1–F2 disclaim beneficial ownership and group status (Bank of America reports holdings via its Merrill Lynch subsidiary). F3 states that, without conceding Section 16 status, any short-swing profit potentially recoverable under Section 16(b) will be remitted to the issuer.
Context
- This is an institutional (corporate) reporting person, not an individual executive trade; the filing includes standard disclaimers about beneficial ownership.
- The trades are very small and offsetting, so they are unlikely to indicate a material change in insider sentiment. Purchases can be more informative than sales, but here the net economic impact is negligible.
Insider Transaction Report
Form 4
BANK OF AMERICA CORP /DE/
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2][F3]2026-02-25$12.88/sh+8$103→ 8 total(indirect: See Footnotes) - Sale
Common Stock
[F1][F2][F3]2026-02-25$12.96/sh−8$104→ 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.