810 PCQ preferred shares redeemed from BofA unit in PIMCO fund (NYSE: PCQ)

Rhea-AI Filing Summary

PIMCO California Municipal Income Fund reported that 810 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, previously beneficially owned by Banc of America Preferred Funding Corporation (BAPFC), were redeemed by the fund. The redemption occurred on February 23, 2026 at the liquidation preference plus accumulated but unpaid dividends.

BAPFC is a wholly owned subsidiary of Bank of America Corporation, which held an indirect interest in these securities through its ownership of BAPFC. Following this redemption, 1,920 of these preferred shares remained indirectly owned.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BANK OF AMERICA CORP /DE/, Banc of America Preferred Funding Corp

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED SHARES	810	$0.00	$0.00

Holdings After Transaction: REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED SHARES — 1,920 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. The 810 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, (RVMTP Shares) reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC). The 810 RVMTP Shares held by BAPFC were redeemed by the Issuer on February 23, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by PIMCO California Municipal Income Fund with the SEC on January 23, 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.
2. F2. This statement is jointly filed by Bank of America Corporation and PFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of PFC.
3. 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 Section13(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.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/25/2026 - 05:20 PM Learn about SEC filing dates

FAQ

What insider transaction did PCQ report involving Bank of America entities?

PIMCO California Municipal Income Fund reported that 810 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, beneficially owned by Banc of America Preferred Funding Corporation, were redeemed by the fund on February 23, 2026, at liquidation preference plus accumulated but unpaid dividends.

Who actually held the 810 preferred shares reported in the PCQ Form 4?

The 810 preferred shares were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC). BAPFC is a wholly owned subsidiary of Bank of America Corporation, giving Bank of America an indirect interest through its ownership of BAPFC.

How many PCQ preferred shares remained after the 810-share redemption?

After the redemption of 810 Remarketable Variable Rate MuniFund Term Preferred Shares, 1,920 shares remained indirectly owned. This figure reflects total shares reported as owned following the transaction disclosed in the Form 4 filing.

At what price were the 810 PCQ preferred shares redeemed?

The 810 preferred shares were redeemed at the liquidation preference plus accumulated but unpaid dividends. This redemption price was described in the issuer’s Notice of Intention to Redeem Securities (Form N-23C-2) filed on January 23, 2026.

What disclosure links the PCQ redemption to earlier SEC filings?

The redemption of 810 preferred shares is tied to a Notice of Intention to Redeem Securities (N-23C-2) filed on January 23, 2026. That notice described the issuer’s plan to redeem these shares at liquidation preference plus unpaid dividends.

How is Bank of America related to the entity holding PCQ preferred shares?

Banc of America Preferred Funding Corporation, which held the redeemed preferred shares, is a wholly owned subsidiary of Bank of America Corporation. Bank of America’s interest in the securities is therefore indirect, through its ownership of this subsidiary.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)

BANK OF AMERICA CORPORATE CENTER

100 N TRYON ST

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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(1)(2)(3)	02/23/2026		J(1)		810	D	(1)	1,920	I	See Footnotes(1)(2)(3)

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

1. Name and Address of Reporting Person^*

BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)

BANK OF AMERICA CORPORATE CENTER

100 N TRYON ST

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Banc of America Preferred Funding Corp

(Last) (First) (Middle)

214 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The 810 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, (RVMTP Shares) reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC). The 810 RVMTP Shares held by BAPFC were redeemed by the Issuer on February 23, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by PIMCO California Municipal Income Fund with the SEC on January 23, 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.

2. This statement is jointly filed by Bank of America Corporation and PFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of PFC.

3. 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 Section13(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.

	BANK OF AMERICA CORP /DE/ By: Its: Authorized Signatory /s/ Andres Ortiz	02/25/2026
	BANC OF AMERICA PREFERRED FUNDING CORPORATION By: Its: Authorized Signatory /s/ Andres Ortiz	02/25/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.