PIMCO Municipal II redeems 1,250 BofA-held prefs

PIMCO MUNICIPAL INCOME FUND II (PML) reported that 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 were disposed of on August 24, 2026.

Rhea-AI Filing Summary

PIMCO MUNICIPAL INCOME FUND II (PML) reported that 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 were disposed of on August 24, 2026. These shares were beneficially owned indirectly through Banc of America Preferred Funding Corporation, a wholly owned subsidiary of Bank of America Corporation.

The 1,250 preferred shares were redeemed by the fund for a redemption price equal to the liquidation preference plus accumulated but unpaid dividends. After this redemption, 3,860 of these preferred shares remained indirectly held by the reporting entities.

Insider Trade Summary

Other: 1,250 shares

Other 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 F1, F2, F3	1,250	--	--

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 3,860 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. The 1,250 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 1,250 RVMTP Shares held by BAPFC were redeemed by the Issuer on August 24, 2026, as described in the Notice of Intention to Redeem Securities, N2-23C-2, filed by the Issuer with the SEC on July 24, 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 BAPFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of BAPFC.
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 Section 13(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.

Key Figures

Preferred shares disposed: 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Preferred shares held after transaction: 3,860 Remarketable Variable Rate MuniFund Term Preferred Shares Redemption notice reference: N2-23C-2

3 metrics

Preferred shares disposed 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Shares redeemed by the issuer on August 24, 2026

Preferred shares held after transaction 3,860 Remarketable Variable Rate MuniFund Term Preferred Shares Indirect holdings reported following the August 24, 2026 redemption

Redemption notice reference N2-23C-2 Notice of Intention to Redeem Securities filed July 24, 2026 describing the redemption terms

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, liquidation preference, accumulated but unpaid dividends, beneficially owned, +1 more

5 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"The 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054"

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

"for a redemption price of the liquidation preference and accumulated"

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.

accumulated but unpaid dividends financial

"for a redemption price of the liquidation preference and accumulated but unpaid dividends"

beneficially owned financial

"represent shares that were beneficially owned by Banc of America"

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.

Notice of Intention to Redeem Securities regulatory

"as described in the Notice of Intention to Redeem Securities, N2-23C-2"

FAQ

What transaction did PIMCO MUNICIPAL INCOME FUND II (PML) report in this Form 4?

The filing reports the disposition of 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 on August 24, 2026, through a redemption by the fund of shares beneficially owned indirectly via Banc of America Preferred Funding Corporation.

Who owned the preferred shares involved in the PML Form 4 transaction?

The 1,250 preferred shares were beneficially owned by Banc of America Preferred Funding Corporation (BAPFC), which is a wholly owned subsidiary of Bank of America Corporation. Bank of America Corporation held an indirect interest through its indirect ownership of BAPFC.

How many PML preferred shares were redeemed and at what price basis?

The fund redeemed 1,250 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 for a redemption price equal to the liquidation preference plus accumulated but unpaid dividends, as described in a Notice of Intention to Redeem Securities filed on July 24, 2026.

How many PML preferred shares remained held after the reported transaction?

After the August 24, 2026 redemption, the reporting entities showed 3,860 Remarketable Variable Rate MuniFund Term Preferred Shares as indirectly held, according to the post-transaction holdings figure in the Form 4 data.

Does Bank of America Corp. (BAC) claim to be part of a group regarding PML securities?

The reporting persons state that nothing in the statement should be construed as an admission that they are acting as a partnership, syndicate, or other group, or that they are members of any group with respect to PIMCO Municipal Income Fund II securities.

What transaction code is used in the PML Form 4 and what does it mean?

The transaction uses code "J", described as an other acquisition or disposition. In this case it reflects a redemption of 1,250 preferred shares by the issuer, rather than an open-market purchase or sale.

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Available on EDGAR 08/26/2026 - 05:26 PM Accepted by SEC EDGAR 08/26/2026 - 05:25 PM 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

OMB Number:			3235-0287
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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 NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PIMCO MUNICIPAL INCOME FUND II [ PML ]

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)

	Form filed by One Reporting Person
X	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(1)(2)(3)	08/24/2026		J(1)		1,250	D	(1)	3,860	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 NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

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 NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The 1,250 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 1,250 RVMTP Shares held by BAPFC were redeemed by the Issuer on August 24, 2026, as described in the Notice of Intention to Redeem Securities, N2-23C-2, filed by the Issuer with the SEC on July 24, 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 BAPFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of BAPFC.

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 Section 13(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/ Christopher Twomey	08/26/2026
	BANC OF AMERICA PREFERRED FUNDING CORPORATION By: Its: Authorized Signatory /s/ Christopher Twomey	08/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)