PIMCO PNI (NYSE: PNI) leaves BofA holding 760 preferreds

Rhea-AI Filing Summary

PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI) reported that 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, beneficially owned indirectly through Banc of America Preferred Funding Corporation, were disposed of on August 24, 2026 when the issuer redeemed these shares at the liquidation preference plus accumulated but unpaid dividends. After this redemption-related disposition, 760 such preferred shares remained indirectly held, with Bank of America Corporation and its subsidiary reporting joint filing and indirect interest, while also disclaiming group status for certain regulatory purposes.

Insider Trade Summary

Net Seller: 150 shares

Net Sell 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	150	--	--

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 760 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. The 150 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 150 RVMTP Shares held by BAPFC were redeemed by the Issuer on August 24, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by the Issuer with the SEC on July 24, 20206, 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: 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Preferred shares indirectly held after transaction: 760 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Transaction date: August 24, 2026 +1 more

4 metrics

Preferred shares disposed 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Shares redeemed by the issuer and reported as disposed on August 24, 2026

Preferred shares indirectly held after transaction 760 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 Total reported indirect holdings following the August 24, 2026 redemption-related disposition

Transaction date August 24, 2026 Date the issuer redeemed 150 preferred shares from the reporting persons’ affiliated entity

Restructuring-related shares 150 shares Shares involved in a code J "Other acquisition or disposition" transaction classified as restructuring

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, liquidation preference, accumulated but unpaid dividends, Notice of Intention to Redeem Securities, N-23C-2, +1 more

5 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"The 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, ("RVMTP Shares")"

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 but unpaid"

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"

Notice of Intention to Redeem Securities, N-23C-2 regulatory

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

ten percent owner regulatory

"each listed as a ten percent owner of the issuer"

FAQ

What insider transaction did PNI disclose in this Form 4?

PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI) disclosed the disposition of 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054, on August 24, 2026, when the issuer redeemed these shares from an entity associated with Bank of America Corporation.

Who are the reporting persons in PNI’s Form 4 filing?

The reporting persons are Bank of America Corporation and its wholly owned subsidiary Banc of America Preferred Funding Corporation, each listed as a ten percent owner of PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI).

How many PNI preferred shares were disposed of and how many remain held?

The filing reports a disposition of 150 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054. Following this transaction, 760 such preferred shares are reported as indirectly held.

What triggered the disposition of PNI’s preferred shares reported in this Form 4?

The 150 preferred shares were redeemed by the issuer on August 24, 2026, pursuant to a Notice of Intention to Redeem Securities (Form N-23C-2) previously filed, at a redemption price equal to the liquidation preference plus accumulated but unpaid dividends.

How is Bank of America’s interest in PNI’s preferred shares characterized?

Bank of America Corporation’s interest is described as indirect, through its wholly owned subsidiary Banc of America Preferred Funding Corporation, which beneficially owned the redeemed preferred shares. The reporting persons also disclaim group status for certain regulatory purposes.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/26/2026 - 05:19 PM Accepted by SEC EDGAR 08/26/2026 - 05:18 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
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 NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

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

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)		150	D	(1)	760	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 150 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 150 RVMTP Shares held by BAPFC were redeemed by the Issuer on August 24, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by the Issuer with the SEC on July 24, 20206, 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)