[Form 3] BANK OF AMERICA CORP /DE/ Initial Statement of Beneficial Ownership
Bank of America Corporation and its subsidiary Banc of America Preferred Funding Corp filed a Form 3 reporting initial ownership of preferred shares in BlackRock Municipal Credit Alpha Portfolio, Inc. (Ticker: MUNEX). The filing shows Banc of America Preferred Funding Corp purchased 350 variable rate demand preferred shares from the issuer at a stated purchase price of $100,000 per share, and Banc of America is reported as an indirect holder through its wholly owned subsidiary. The statement is jointly filed by Bank of America and the subsidiary and is signed by an authorized signatory on 09/24/2025. The filing notes that the reporting parties do not admit to forming a group for purposes of Section 13(d).
Bank of America Corporation e la sua controllata Banc of America Preferred Funding Corp hanno presentato un modulo 3 riferendo la proprietà iniziale di azioni privilegiate nel BlackRock Municipal Credit Alpha Portfolio, Inc. (Ticker: MUNEX). La dichiarazione mostra che Banc of America Preferred Funding Corp ha acquistato 350 azioni privilegiate a tasso variabile a domanda del soggetto emittente a un prezzo di acquisto dichiarato di 100.000 USD per azione, e Banc of America è riportata come detentore indiretto tramite la sua controllata interamente posseduta. La dichiarazione è presentata congiuntamente da Bank of America e dalla controllata ed è firmata da un firmatario autorizzato il 24/09/2025. La dichiarazione indica che le parti che riportano non riconoscono aver formato un gruppo ai fini della Sezione 13(d).
Bank of America Corporation y su filial Banc of America Preferred Funding Corp presentaron un Formulario 3 reportando la propiedad inicial de acciones preferentes en BlackRock Municipal Credit Alpha Portfolio, Inc. (Símbolo: MUNEX). La presentación muestra que Banc of America Preferred Funding Corp compró 350 acciones preferentes de tasa variable a demanda del emisor a un precio de compra declarado de $100,000 por acción, y Banc of America figura como titular indirecto a través de su filial de propiedad total. La declaración se presenta conjuntamente por Bank of America y la filial y está firmada por un signatario autorizado el 24/09/2025. La declaración señala que las partes informantes no admiten haber formado un grupo para fines de la Sección 13(d).
Bank of America Corporation과 그 자회사 Banc of America Preferred Funding Corp은 BlackRock Municipal Credit Alpha Portfolio, Inc. (티커: MUNEX) 보통주에 대한 초기 소유권을 보고하는 Form 3를 제출했습니다. 해당 제출에서 Banc of America Preferred Funding Corp은 발행자로부터 350주의 가변금리 요구형 우선주를 매수했으며, 매입가 명시 가격은 주당 100,000달러이고, Banc of America는 전액 보유 자회사를 통해 간접 보유자로 보고됩니다. 이 성명서는 Bank of America와 자회사가 공동으로 제출하며, 2025년 9월 24일에 공인된 서명이 있습니다. 제출서는 보고 당사자들이 제13(d)조의 목적상 그룹을 형성했다는 것을 인정하지 않는다고 명시합니다.
Bank of America Corporation et sa filiale Banc of America Preferred Funding Corp ont déposé un formulaire 3 déclarant la propriété initiale d’actions privilégiées dans BlackRock Municipal Credit Alpha Portfolio, Inc. (Ticker : MUNEX). Le dossier indique que Banc of America Preferred Funding Corp a acheté 350 actions privilégiées à taux variable à la demande auprès de l’émetteur à un prix d’achat déclaré de 100 000 USD par action, et Banc of America est déclaré comme détenteur indirect via sa filiale entièrement détenue. La déclaration est déposée conjointement par Bank of America et la filiale et est signée par une personne dûment autorisée le 24/09/2025. Le document précise que les parties déclarantes n’admettent pas avoir formé un groupe dans le cadre de la Section 13(d).
Bank of America Corporation und ihre Tochter Banc of America Preferred Funding Corp haben ein Formular 3 eingereicht, das das anfängliche Eigentum an Vorzugsaktien des BlackRock Municipal Credit Alpha Portfolio, Inc. (Wertpapierkennzeichen: MUNEX) meldet. Die Unterlage zeigt, dass Banc of America Preferred Funding Corp 350 Inhaber variabler Zinssatz nachrangiger Vorzugsaktien des Emittenten zu einem angegebenen Kaufpreis von 100.000 USD pro Aktie erworben hat, und Banc of America wird als indirekter Inhaber über ihre vollständig im Besitz befindliche Tochter gemeldet. Die Erklärung wird gemeinsam von Bank of America und der Tochter eingereicht und von einem autorisierten Unterzeichner am 24.09.2025 unterschrieben. Die Unterlage bemerkt, dass die berichtenden Parteien nicht zu erkennen geben, eine Gruppe gemäß Abschnitt 13(d) gebildet zu haben.
قامت شركة Bank of America وشِركتها التابعة Banc of America Preferred Funding Corp بتقديم نموذج 3 للإبلاغ عن الملكية الأولية لأسهم ممتازة في BlackRock Municipal Credit Alpha Portfolio, Inc. (الرمز: MUNEX). تُظهر الوثيقة أن Banc of America Preferred Funding Corp اشترت 350 سهماً تفضيلياً ذو معدل فائدة متغير عند الطلب من الجهة المصدِرة بسعر شراء مذكور قدره 100,000 دولار أمريكي للسهم، وتُعد بنك أوف أميركا حائزة غير مباشرة من خلال شركتها التابعة المملوكة بالكامل. يتم تقديم البيان بشكل مشترك من بنك أوف أميركا والشركة التابعة وهو موقع من قِبل مُفَوَّض مخول في 24/09/2025. كما تشير الإيداع إلى أن الأطراف المبلِّغة لا تقر بتشكيل مجموعة وفقاً لأغراض القسم 13(d).
美国银行公司及其子公司 Banc of America Preferred Funding Corp 提交了一份表格3，报告在 BlackRock Municipal Credit Alpha Portfolio, Inc.（代码：MUNEX）中的初始优先股所有权。 备案显示 Banc of America Preferred Funding Corp 从发行方购买了 350 只可变利率按需的优先股，实际购买价格为 每股 100,000 美元，并且美银通过其全资子公司间接持有。该声明由美国银行及其子公司共同提交，并由授权签字人在 2025-09-24 签署。备案还指出，申报方未承认为第13(d)条的目的而形成团体。
- Clear disclosure of reporting persons and addresses for Bank of America and its subsidiary
- Specific transaction details provided: 350 shares acquired at $100,000 per share
- Joint filing clarifies relationship between Bank of America and its wholly owned subsidiary
- No indication of any control intent but also no further context about purpose of the holding
- Limited detail on whether the shares carry voting rights or specific economic terms beyond price
Insights
TL;DR: A major bank and its funding affiliate disclose a sizeable initial preferred position in a BlackRock closed-end fund, recorded as indirect ownership.
The filing documents an initial acquisition of 350 variable rate demand preferred shares of BlackRock Municipal Credit Alpha Portfolio, Inc. by Banc of America Preferred Funding Corp at $100,000 per share, indicating a sizeable notional exposure of $35,000,000. Bank of America reports indirect beneficial ownership via its wholly owned subsidiary and files jointly. This is a routine Section 16 disclosure of beneficial ownership rather than an operational or governance change. The explicit declaration that the parties do not constitute a group under Section 13(d) clarifies they are not taking a coordinated control position.
TL;DR: The Form 3 is a standard initial ownership disclosure with clear attribution to subsidiary holdings and a clause disclaiming group formation.
The report properly identifies the reporting persons, the issuer (MUNEX), the class of securities (variable rate demand preferred shares), the amount (350 shares), and the transaction terms (purchase price of $100,000 per share). Joint filing by the parent and subsidiary is noted, and the filing includes the typical non-admission clause relating to Section 13(d). From a governance perspective, there are no indicated officer or director control actions within this filing; it records a financing/investment position held indirectly.
Bank of America Corporation e la sua controllata Banc of America Preferred Funding Corp hanno presentato un modulo 3 riferendo la proprietà iniziale di azioni privilegiate nel BlackRock Municipal Credit Alpha Portfolio, Inc. (Ticker: MUNEX). La dichiarazione mostra che Banc of America Preferred Funding Corp ha acquistato 350 azioni privilegiate a tasso variabile a domanda del soggetto emittente a un prezzo di acquisto dichiarato di 100.000 USD per azione, e Banc of America è riportata come detentore indiretto tramite la sua controllata interamente posseduta. La dichiarazione è presentata congiuntamente da Bank of America e dalla controllata ed è firmata da un firmatario autorizzato il 24/09/2025. La dichiarazione indica che le parti che riportano non riconoscono aver formato un gruppo ai fini della Sezione 13(d).
Bank of America Corporation y su filial Banc of America Preferred Funding Corp presentaron un Formulario 3 reportando la propiedad inicial de acciones preferentes en BlackRock Municipal Credit Alpha Portfolio, Inc. (Símbolo: MUNEX). La presentación muestra que Banc of America Preferred Funding Corp compró 350 acciones preferentes de tasa variable a demanda del emisor a un precio de compra declarado de $100,000 por acción, y Banc of America figura como titular indirecto a través de su filial de propiedad total. La declaración se presenta conjuntamente por Bank of America y la filial y está firmada por un signatario autorizado el 24/09/2025. La declaración señala que las partes informantes no admiten haber formado un grupo para fines de la Sección 13(d).
Bank of America Corporation과 그 자회사 Banc of America Preferred Funding Corp은 BlackRock Municipal Credit Alpha Portfolio, Inc. (티커: MUNEX) 보통주에 대한 초기 소유권을 보고하는 Form 3를 제출했습니다. 해당 제출에서 Banc of America Preferred Funding Corp은 발행자로부터 350주의 가변금리 요구형 우선주를 매수했으며, 매입가 명시 가격은 주당 100,000달러이고, Banc of America는 전액 보유 자회사를 통해 간접 보유자로 보고됩니다. 이 성명서는 Bank of America와 자회사가 공동으로 제출하며, 2025년 9월 24일에 공인된 서명이 있습니다. 제출서는 보고 당사자들이 제13(d)조의 목적상 그룹을 형성했다는 것을 인정하지 않는다고 명시합니다.
Bank of America Corporation et sa filiale Banc of America Preferred Funding Corp ont déposé un formulaire 3 déclarant la propriété initiale d’actions privilégiées dans BlackRock Municipal Credit Alpha Portfolio, Inc. (Ticker : MUNEX). Le dossier indique que Banc of America Preferred Funding Corp a acheté 350 actions privilégiées à taux variable à la demande auprès de l’émetteur à un prix d’achat déclaré de 100 000 USD par action, et Banc of America est déclaré comme détenteur indirect via sa filiale entièrement détenue. La déclaration est déposée conjointement par Bank of America et la filiale et est signée par une personne dûment autorisée le 24/09/2025. Le document précise que les parties déclarantes n’admettent pas avoir formé un groupe dans le cadre de la Section 13(d).
Bank of America Corporation und ihre Tochter Banc of America Preferred Funding Corp haben ein Formular 3 eingereicht, das das anfängliche Eigentum an Vorzugsaktien des BlackRock Municipal Credit Alpha Portfolio, Inc. (Wertpapierkennzeichen: MUNEX) meldet. Die Unterlage zeigt, dass Banc of America Preferred Funding Corp 350 Inhaber variabler Zinssatz nachrangiger Vorzugsaktien des Emittenten zu einem angegebenen Kaufpreis von 100.000 USD pro Aktie erworben hat, und Banc of America wird als indirekter Inhaber über ihre vollständig im Besitz befindliche Tochter gemeldet. Die Erklärung wird gemeinsam von Bank of America und der Tochter eingereicht und von einem autorisierten Unterzeichner am 24.09.2025 unterschrieben. Die Unterlage bemerkt, dass die berichtenden Parteien nicht zu erkennen geben, eine Gruppe gemäß Abschnitt 13(d) gebildet zu haben.
FAQ
What did Bank of America report on Form 3 for BAC?
When was the event requiring the Form 3 recorded?
Does Bank of America claim to be acting as a group under Section 13(d)?
How much notional exposure does the filing imply?
Who signed the Form 3?
