MUNEX — Bank of America (10% Owner) Buys and Sells Shares

What Happened

• The reporting persons (Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Inc.) disclosed a series of open‑market purchases and sales in BlackRock Municipal Credit Alpha Portfolio, Inc. (MUNEX) on 2026-08-10. They purchased a total of 12,740 shares at $12.29 each (total ≈ $156,575) and sold a total of 12,740 shares at $12.32 each (total ≈ $156,957). The transactions were reported on Form 4 filed 2026-08-12.
• These were simultaneous buys and sells executed the same day (purchases coded “P”, sales coded “S”), resulting in no net change in shares traded on that date (12,740 shares bought and 12,740 shares sold).

Key Details

• Transaction date: 2026-08-10; Form 4 filed: 2026-08-12 (within the typical two business‑day reporting window).
• Prices: purchases at $12.29; sales at $12.32.
• Total volume/value: 12,740 shares purchased ($156,575) and 12,740 shares sold ($156,957).
• Shares owned after transaction: not specified in the supplied summary of the filing.
• Footnotes: joint filing by Bank of America and Merrill Lynch; Bank of America reports an indirect interest via its 100% ownership of Merrill Lynch and disclaims beneficial ownership except for any pecuniary interest. Footnote also states that, without conceding 10% beneficial‑owner status, any short‑swing profit potentially recoverable under Section 16(b) would be remitted to the issuer.
• Transaction type: open market or private trades (reported as P and S).

Context

• This filing reflects institutional trading activity by a large bank/broker‑dealer reporting person, not an individual executive. The matched buys and sells on the same day suggest trade execution activity rather than a clear directional insider signal; purchases are often more informative for bullish signals, but here purchases and sales offset.
• No options, awards, gifts, or tax‑withholding events are reported in this transaction set.