BANK OF AMERICA CORP /DE/ 4
Research Summary
AI-generated summary
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.