Bank of America Corp /DE/ and its subsidiary Banc of America Preferred Funding Corporation filed a joint Form 4 on November 3, 2026, disclosing the October 30, 2026 redemption of 1,450 Remarketable Variable Rate MuniFund Term Preferred Shares in PIMCO Municipal Income Fund II.

Key Highlights

  • Security redeemed: 1,450 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 ("RVMTP Shares"), disposed of on October 30, 2026, with transaction code J.
  • Redemption price: According to the filing, shares were redeemed "for a redemption price of the liquidation preference and accumulated but unpaid dividends."
  • Remaining beneficial ownership: Following the redemption, 2,410 RVMTP Shares are reported as indirectly beneficially owned.
  • Reporting persons: Bank of America Corp /DE/ and Banc of America Preferred Funding Corporation filed jointly, each disclosing a 10% owner relationship to the issuer.
  • Subsidiary relationship: The filing states that Banc of America Preferred Funding Corporation is a wholly owned subsidiary of Bank of America Corporation.
  • Prior notice: The filing references a Notice of Intention to Redeem Securities, N-23C-2, filed by the issuer with the SEC on September 15, 2026.

BAPFC RVMTP Share Redemption by PIMCO Municipal Income Fund II on October 30, 2026

According to the Form 4 filed with the SEC on November 3, 2026, Banc of America Preferred Funding Corporation ("BAPFC"), a wholly owned subsidiary of Bank of America Corporation, held 1,450 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, in PIMCO Municipal Income Fund II (ticker: PML, as stated in the filing). The filing indicates those shares were redeemed by the issuer on October 30, 2026, under transaction code J, which the filing associates with an "other" acquisition or disposition type.

The filing states the redemption was carried out as described in the issuer's Notice of Intention to Redeem Securities on Form N-23C-2, filed with the SEC on September 15, 2026. The redemption price was described in the filing as "the liquidation preference and accumulated but unpaid dividends." Bank of America Corporation reported holding an indirect interest in the disposed shares by virtue of its indirect ownership of BAPFC, and both entities are identified as 10% owners of the issuer.

Following the reported transaction, the filing discloses that 2,410 RVMTP Shares remain indirectly beneficially owned. Ownership is listed as indirect, with the nature of indirect beneficial ownership attributed to BAPFC. The filing was signed by Andres Ortiz as authorized signatory on behalf of both Bank of America Corp /DE/ and Banc of America Preferred Funding Corp on November 3, 2026.

What Was Disclosed

Bank of America Corp /DE/ and BAPFC jointly disclosed the October 30, 2026 redemption of 1,450 RVMTP Shares, Series 2054, in PIMCO Municipal Income Fund II, with 2,410 shares remaining indirectly beneficially owned after the transaction.