Nuveen Fund Preferred Shares: Bank of America Discloses 52.4% Stake
Bank of America Corporation and Banc of America Preferred Funding Corp filed an amended ownership report for the Adjustable Rate MuniFund Term Preferred Shares of Nuveen Municipal High Income Opportunity Fund.
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Rhea-AI Filing Summary
Bank of America Corporation and Banc of America Preferred Funding Corp filed an amended ownership report for the Adjustable Rate MuniFund Term Preferred Shares of Nuveen Municipal High Income Opportunity Fund. They report beneficial ownership of 1,870 preferred shares, representing 52.4% of this class.
The amendment explains that on December 11, 2025, Banc of America Preferred Funding deposited 1,000 series 2032 AMTP shares (CUSIP 670682111) into a tender option bond trust, TOB Series 2025-BAP0001 Trust. The trust holds title but does not independently control disposition of the shares, so Banc of America Preferred Funding retains indirect beneficial and voting rights, which remain subject to an existing voting trust. The remaining 870 series 2028 AMTP shares (CUSIP 670682889) continue to be held directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What securities and issuer are covered in this NMZ Schedule 13D/A amendment?
The report covers Adjustable Rate MuniFund Term Preferred Shares (AMTP Shares) issued by Nuveen Municipal High Income Opportunity Fund, which trades under the symbol NMZ.
What transaction triggered Amendment No. 8 to the NMZ Schedule 13D?
On December 11, 2025, Banc of America Preferred Funding Corp deposited 1,000 AMTP series 2032 shares (CUSIP 670682111) into the TOB Series 2025-BAP0001 Trust, a tender option bond trust.
Who are the reporting persons in this Nuveen Municipal High Income Opportunity Fund (NMZ) filing?
The reporting persons are Bank of America Corporation and Banc of America Preferred Funding Corporation, both organized in Delaware.
AI-generated analysis. How Rhea-AI works. Not financial advice.