JPMorgan exits 790 PCQ preferred shares in redemption

Rhea-AI Filing Summary

PIMCO California Municipal Income Fund (PCQ) reported that JPMorgan Chase Bank, N.A., a ten percent owner, disposed of 790 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A. The shares were redeemed by the fund at $100,211.23287 per share, including $100,000.00 liquidation preference and $211.23287 accrued dividends, and were held indirectly by trust. Following the redemption, JPMorgan Chase Bank, N.A. reported 0 such shares indirectly owned.

Insider Trade Summary

Other: 790 shares

Other 1 txn

Insider JPMorgan Chase Bank, N.A.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Remarketable Variable Rate MuniFund Term Preferred Shares F1	790	--	--

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 0 shares (Indirect, By Trust)

Footnotes (1)

1. F1. The 790 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent remarketable variable rate munifund term preferred shares, Series 2054-A (the "RVMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,211.23287 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $211.23287 per share).

Key Figures

RVMTP Shares disposed: 790 shares Redemption price per share: $100,211.23287 per share Liquidation preference per share: $100,000.00 per share +3 more

6 metrics

RVMTP Shares disposed 790 shares Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A, redeemed

Redemption price per share $100,211.23287 per share Redemption price including liquidation preference and accrued dividends

Liquidation preference per share $100,000.00 per share Component of redemption price for each RVMTP Share

Accrued dividends per share $211.23287 per share Accrued dividends included in the redemption price

Shares indirectly owned after transaction 0 shares RVMTP Shares indirectly beneficially owned by JPMorgan Chase Bank, N.A. by trust after redemption

Restructuring-related shares 790 shares Shares categorized as restructuring in transaction summary for code J disposition

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, liquidation preference, accrued dividends, indirectly beneficially owned

4 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"The 790 remarketable variable rate munifund term preferred shares reported"

A remarketable variable rate munifund term preferred share is a type of preferred stock issued by a fund that invests in municipal (tax-exempt) debt, which pays a dividend that resets periodically with market rates and has a defined term or maturity. Think of it as an adjustable-rate certificate that can be resold on scheduled “remarketing” dates; it matters to investors because it offers tax-advantaged income with changing yields, but carries interest-rate sensitivity, liquidity risk at remarketing, and credit risk tied to the municipal holdings.

liquidation preference financial

"includes a liquidation preference of $100,000.00 per share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

accrued dividends financial

"and accrued dividends of $211.23287 per share"

Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.

indirectly beneficially owned financial

"RVMTP Shares indirectly beneficially owned by JPMorgan Chase Bank"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PCQ report in this Form 4?

PCQ reported that JPMorgan Chase Bank, N.A. disposed of 790 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A, through a redemption by the fund at a stated redemption price per share that included liquidation preference and accrued dividends.

How many preferred shares did JPMorgan Chase Bank, N.A. dispose of in PCQ?

JPMorgan Chase Bank, N.A. disposed of 790 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A, of PCQ. These shares were indirectly beneficially owned by the bank through a trust and were redeemed by the fund.

What was the redemption price for the PCQ preferred shares?

The RVMTP Shares of PCQ were redeemed at a price of $100,211.23287 per share, consisting of a $100,000.00 liquidation preference per share and $211.23287 in accrued dividends per share, as disclosed in the footnote.

What are JPMorgan Chase Bank, N.A.’s PCQ RVMTP holdings after this transaction?

After the redemption of 790 RVMTP Shares, JPMorgan Chase Bank, N.A. reported 0 Remarketable Variable Rate MuniFund Term Preferred Shares of PCQ indirectly owned by trust in this Form 4.

Was the PCQ Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not checked, and the footnote describes the disposition as occurring due to a redemption by the issuer, not under a trading plan.

How was ownership of the PCQ preferred shares held before redemption?

The 790 Remarketable Variable Rate MuniFund Term Preferred Shares of PCQ were indirectly beneficially owned by JPMorgan Chase Bank, N.A. by trust, as indicated in the ownership nature and the footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 04:11 PM EDT Accepted by SEC EDGAR 08/25/2026 - 04:10 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OHIO 43240

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PIMCO CALIFORNIA MUNICIPAL INCOME FUND [ PCQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Remarketable Variable Rate MuniFund Term Preferred Shares	08/24/2026		J(1)		790	D(1)	(1)	0(1)	I(1)	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 790 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent remarketable variable rate munifund term preferred shares, Series 2054-A (the "RVMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,211.23287 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $211.23287 per share).

	/s/ Adrian Budischak, Authorized Signatory	08/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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* Form 4: SEC 1474 (03-26)