Nuveen Quality Municipal Income Fund redeems 500 shares
The redemption price was tied to liquidation preference and accumulated but unpaid dividends.
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Rhea-AI Filing Summary
BANK OF AMERICA CORP /DE/ reported disposition transactions in this Form 4 filing. Nuveen Quality Municipal Income Fund redeemed 500 Adjustable Rate MuniFund Term Preferred Shares—Series 2028 held by Banc of America Preferred Funding Corp. on October 5, 2026. The reported post-transaction position was 7,495 shares. The redemption price was the liquidation preference plus accumulated but unpaid dividends. Bank of America Corporation jointly filed and held an indirect interest through its wholly owned subsidiary.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Adjustable Rate MuniFund Term Preferred Shares F1, F2, F3 | 500 | -- | -- |
Footnotes (3)
- F1. The 500 Adjustable Rate MuniFund Term Preferred Shares - Series 2028, ("AMTP Shares") reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation ("BAPFC"). The 500 AMTP Shares held by BAPFC were redeemed by the Issuer on October 5, 2026, as described in the Notice of Redemption dated October 1, 2026, for a redemption price of the liquidation preference and accumulated but unpaid dividends. BAPFC is a wholly owned subsidiary of Bank of America Corporation.
- F2. This statement is jointly filed by Bank of America Corporation and BAPFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of BAPFC.
- F3. 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 US Securities Exchange Act of 1934 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.
Key Figures
Key Terms
liquidation preference financial
accumulated but unpaid dividends financial
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