PIMCO (PML) 10% Owner Bank of America Buys and Sells 100 Shares

What Happened
Bank of America Corporation (filing jointly with Merrill Lynch), identified as a greater-than-10% owner, executed two offsetting open-market transactions in PIMCO Municipal Income Fund II (PML) on August 18, 2026: a purchase of 100 shares at $7.45 ($745) and a sale of 100 shares at $7.36 ($736). The two trades occured the same day and roughly offset in size; the gross amounts were $745 purchased and $736 sold.

Key Details

• Transaction dates and prices: 2026-08-18 — Purchase (P) 100 shares @ $7.45 = $745; Sale (S) 100 shares @ $7.36 = $736.
• Net cash flow from the two trades: -$9 (purchase amount exceeded sale amount by $9).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Report filed with the SEC on 2026-08-20 for transactions on 2026-08-18 (appears timely).
• Notable footnotes: Joint filing by Bank of America and Merrill Lynch; Bank of America states its interest is indirect via Merrill Lynch and disclaims beneficial ownership (F1, F2); F3 states that, without conceding 10% status or Section 16 applicability, any short-swing profit potentially recoverable would be remitted to the issuer.

Context
This report is from an institutional 10% owner (and its broker subsidiary), not an individual executive—such filings often reflect portfolio or trading desk activity rather than personal insider views. Because the buy and sell were the same size on the same day, these transactions do not clearly signal a directional investment stance. The filing includes standard disclaimers about indirect ownership and potential remittance of short-swing profits if Section 16(b) were deemed applicable.