Bank of America (NMZ) updates 23.2% stake in Nuveen preferred shares after reorganization
Rhea-AI Filing Summary
Bank of America Corporation and Banc of America Preferred Funding Corp filed Amendment No. 9 to update their Schedule 13D for Nuveen Municipal High Income Opportunity Fund’s Adjustable Rate MuniFund Term Preferred Shares. They report beneficial ownership of 1,870 preferred shares, representing 23.2% of this preferred class, after the issuer’s reorganization and the April 27, 2026 issuance of new Series 1 Variable Rate Demand Preferred Shares.
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Key Figures
Beneficial ownership: 1,870 preferred shares
Ownership percentage: 23.2% of class
Shared voting power: 1,870 shares
+2 more
5 metrics
Beneficial ownership
1,870 preferred shares
Adjustable Rate MuniFund Term Preferred Shares reported by each reporting person
Ownership percentage
23.2% of class
Percent of preferred share class represented by 1,870 shares
Shared voting power
1,870 shares
Number of shares with shared voting power for each reporting person
Shared dispositive power
1,870 shares
Number of shares with shared dispositive power for each reporting person
Event date
04/27/2026
Date of event requiring the amended Schedule 13D filing
Key Terms
ADJUSTABLE RATE MUNIFUND TERM PREFERRED SHARES, beneficially owned, shared voting power, shared dispositive power, +2 more
6 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 1,870.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
reorganization financial
"as a result of the reorganization of Nuveen New Jersey Quality Municipal Income Fund and Nuveen Pennsylvania Quality Municipal Income Fund"
AI-generated analysis. How Rhea-AI works. Not financial advice.