Nuveen Municipal Credit: 50.7% preferred-share stake
The agreement’s covenant modifications took effect September 30, 2026, while both reporting persons report shared voting and dispositive power over the shares.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Nuveen Municipal Credit Opportunities Fund (NMCO) is the issuer whose MuniFund preferred shares are covered by a Schedule 13D amendment from Bank of America Corporation and Banc of America Preferred Funding Corp. Each reporting person reports beneficial ownership of 2,050 shares, or 50.7% of the class, with shared voting and dispositive power.
The amendment adds covenant modifications to the Fund’s Initial Series B MuniFund Preferred Shares Purchase Agreement, effective September 30, 2026. The agreement is dated December 30, 2019.
Key Figures
Key Terms
Covenant Modifications financial
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.