PIMCO California municipal income fund: 10% owner Bank of America bought 2,000 shares

What happened

• Bank of America Corporation (reported as a 10% owner) bought 2,000 shares of PIMCO California municipal income fund at $8.13 per share on Oct 14, 2026 for $16,261 and sold a total of 2,000 shares the same day in multiple open-market transactions at $7.70–$7.71 per share for a combined $15,431.

Key details

• Transaction date: Oct 14, 2026. Purchase: 2,000 shares at $8.13 ($16,261). Sales: sixteen trades totaling 2,000 shares (one trade of 500 shares at $7.70 for $3,851; fifteen trades of 100 shares at $7.71 for $772 each; total sales $15,431).
• Filing date and reporting period: filed Oct 16, 2026; period of report Oct 14, 2026.
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Footnotes: (F1) joint filing by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Inc.; Bank of America holds an indirect interest via its 100% ownership of Merrill Lynch and disclaims beneficial ownership except to the extent of any pecuniary interest; (F2) reporters disclaim group status; (F3) without conceding 10% owner status, any Section 16(b) profit potentially recoverable has been or will be remitted to the issuer.

Why it may matter

• The filing reports both purchases and sales on the same day rather than an option exercise, gift, or tax withholding.
• The reporting entity is identified as a greater-than-10% holder (per the filing language), which is a large holder rather than an executive title.
• A filing does not show why the insider traded or why the company acted.