Bank of America ups PIMCO Municipal Income II (NYSE: PML) preferred stake to 83.7%

Rhea-AI Filing Summary

Bank of America Corporation and its affiliate Banc of America Preferred Funding Corp filed Amendment No. 4 to update their Schedule 13D on PIMCO Municipal Income Fund II’s remarketable variable rate munifund term preferred shares, series 2054.

The reporting persons beneficially own 5,110 preferred shares with shared voting and dispositive power, representing 83.7% of this preferred class. The change in percentage results from the issuer’s outstanding preferred shares decreasing to 6,108, as reported to the holders on March 10, 2026. The amendment also refreshes referenced schedules and exhibit listings, including a joint filing agreement and powers of attorney.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

PIMCO MUNICIPAL INCOME FUND II

(Name of Issuer)

REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED

(Title of Class of Securities)

Bank of America Corporation
Bank of America Corporate Center, 100 N. Tryon Street
Charlotte, NC, 28255
980-388-3188

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/10/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,110.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,110.00

11

Aggregate amount beneficially owned by each reporting person

5,110.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

83.7 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Banc of America Preferred Funding Corp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 5,110.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 5,110.00

11

Aggregate amount beneficially owned by each reporting person

5,110.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

83.7 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED
(b)	Name of Issuer: PIMCO MUNICIPAL INCOME FUND II
(c)	Address of Issuer's Principal Executive Offices: 1633 BROADWAY, NEW YORK, NEW YORK , 10019.
Item 1 Comment: This Amendment No. 4 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated April 17, 2024 and filed with the SEC on April 24, 2025 (as amended to the date hereof, the "Original Schedule 13D"), for Bank of America Corporation ("BAC") and Banc of America Preferred Funding Corporation ("BAPFC") (collectively, the "Reporting Persons") with respect to the remarketable variable rate munifund term preferred shares, series 2054 (CUSIP No. 72200W882) ("RVMTP Shares") of PIMCO Municipal Income Fund II (the "Issuer"), whose principal executive offices are located at 1633 Broadway, New York, New York 10019. This Amendment is being filed solely to report a change of the percent of class beneficially owned by the Reporting Persons due to the outstanding shares of the preferred class of the Issuer decreasing to 6,108 shares as reported by the Issuer to the Reporting Persons on March 10, 2026.
Item 2.	Identity and Background
(d)	Item 2 of the Original Schedule 13D is hereby amended by: deleting Schedule I referenced therein and replacing it with Schedule I included with this Amendment.
(e)	Item 2 of the Original Schedule 13D is hereby amended by: deleting Schedule II referenced therein and replacing it with Schedule II included with this Amendment.
Item 5.	Interest in Securities of the Issuer
(a)	Paragraph (a) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "The responses of the Reporting Persons to rows (7) through (11) of the cover pages of this Amendment 1 are incorporated herein by reference".
(b)	Paragraph (b) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "The responses of the Reporting Persons to rows (7) through (11) of the cover pages of this Amendment 1 are incorporated herein by reference."
(c)	Paragraph (c) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "None"
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and the insertion of the following exhibits: "Exhibit" Description of Exhibit 99.1 Joint Filing Agreement 99.2 Power of Attorney 99.6 Schedule I 99.7 Schedule II

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	03/12/2026

Banc of America Preferred Funding Corp

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	03/12/2026

FAQ

What does Bank of America’s Schedule 13D/A say about its PIMCO Municipal Income Fund II (PML) holdings?

The amendment reports that Bank of America Corporation and its affiliate beneficially own 5,110 remarketable variable rate munifund term preferred shares of PIMCO Municipal Income Fund II, with shared voting and dispositive power over those shares, and updates related schedules and exhibits in the original beneficial ownership filing.

What percentage of PIMCO Municipal Income Fund II’s preferred class does Bank of America own?

Bank of America’s filing states it beneficially owns 5,110 preferred shares, representing 83.7% of the remarketable variable rate munifund term preferred share class, based on 6,108 preferred shares outstanding as of March 10, 2026, as reported by the fund to the reporting persons.

Why did Bank of America file Amendment No. 4 to its Schedule 13D for PIMCO Municipal Income Fund II (PML)?

The amendment was filed to update the percentage of the preferred class beneficially owned, reflecting that outstanding preferred shares decreased to 6,108, which raised the reporting persons’ ownership percentage to 83.7%, and to replace certain schedules and exhibits, including updated joint filing and power of attorney documents.

How many remarketable variable rate munifund term preferred shares of PIMCO Municipal Income Fund II are outstanding?

The document notes that the issuer reported 6,108 remarketable variable rate munifund term preferred shares outstanding as of March 10, 2026. Against this base, Bank of America and its affiliate’s 5,110 shares correspond to 83.7% of that specific preferred share class.

Do Bank of America and its affiliate hold sole or shared voting power over PIMCO Municipal Income Fund II preferred shares?

According to the cover pages, the reporting persons have zero sole voting or dispositive power and 5,110 shares of shared voting and shared dispositive power, meaning control over these preferred shares is exercised jointly under the arrangements described in the amended beneficial ownership statement.