BAC, Merrill Lynch file Form 4 for MUNEX: 1 share at $12.48
Rhea-AI Filing Summary
Bank of America Corporation and subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly reported a Form 4 transaction in BlackRock Municipal Credit Alpha Portfolio, Inc. (MUNEX). On 10/13/2025, 1 share of common stock was purchased at $12.48 and reported as indirect ownership. The filers disclaim beneficial ownership except to any pecuniary interest and state that any potential Section 16(b) profit from the reported transactions would be remitted to the issuer.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
BANK OF AMERICA CORP /DE/, MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
Role
10% Owner | 10% Owner
Bought
1 shs ($12.48)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 1 | $12.48 | $12.48 |
Holdings After Transaction:
COMMON STOCK — 1 shares (Indirect, See Footnotes)
Footnotes (3)
- F1. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
- F2. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
- F3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.
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FAQ
What did BAC report on Form 4 for MUNEX?
A purchase of 1 share of MUNEX common stock at $12.48 on 10/13/2025, reported as indirect ownership.
Who are the reporting persons on this Form 4 for BAC?
Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly filed the report.
How is the MUNEX position held according to the filing?
The position is reported as indirect ownership with details referenced in the footnotes.
Do the filers claim beneficial ownership of the reported securities?
They disclaim beneficial ownership except to the extent of any pecuniary interest.
What does the filing say about potential Section 16(b) profits?
It states that any potential Section 16(b) profit from the reported transactions would be remitted to the issuer.
What security is involved in the transaction?
Common stock of BlackRock Municipal Credit Alpha Portfolio, Inc. (MUNEX).