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Bank of America affiliate’s PNI preferred shares redeemed in 260-share transaction

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PIMCO New York Municipal Income Fund II reported a redemption of preferred shares indirectly held by entities affiliated with Bank of America Corporation. On February 23, 2026, the issuer redeemed 260 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054 that were beneficially owned by Banc of America Preferred Funding Corporation, a wholly owned subsidiary of Bank of America Corporation.

These 260 shares were reported as disposed of, reflecting the issuer’s redemption for a price equal to the liquidation preference plus accumulated but unpaid dividends. Following this transaction, entities affiliated with Bank of America Corporation reported indirect beneficial ownership of 910 such preferred shares.

Positive

  • None.

Negative

  • None.
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 260 $0.00 $0.00
Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 910 shares (Indirect, See Footnotes)
Footnotes (3)
  1. F1. The 260 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 260 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 New York Municipal Income Fund II 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 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.

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FAQ

What insider transaction did PIMCO New York Municipal Income Fund II (PNI) report?
PIMCO New York Municipal Income Fund II reported the redemption of 260 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054. These shares were beneficially owned by Banc of America Preferred Funding Corporation and were redeemed by the fund on February 23, 2026.

Who held the 260 preferred shares redeemed in the PNI Form 4 filing?
The 260 preferred shares were beneficially owned by Banc of America Preferred Funding Corporation. This entity is a wholly owned subsidiary of Bank of America Corporation, which reported an indirect interest through its ownership of Banc of America Preferred Funding Corporation.

How were the 260 PNI Remarketable Variable Rate MuniFund Term Preferred Shares redeemed?
The 260 preferred shares were redeemed by PIMCO New York Municipal Income Fund II for a price equal to the liquidation preference plus accumulated but unpaid dividends. The redemption occurred on February 23, 2026, following a prior notice of intention to redeem.

How many PNI preferred shares remained indirectly owned after the reported redemption?
After the redemption of 260 preferred shares, entities affiliated with Bank of America Corporation reported indirect beneficial ownership of 910 Remarketable Variable Rate MuniFund Term Preferred Shares. This updated holding reflects the position following the February 23, 2026 transaction.

What disclaimers do the reporting persons make in the PNI Form 4 filing?
The reporting persons state that filing the statement does not mean they are part of any group for acquiring, holding, or disposing of PIMCO New York Municipal Income Fund II securities, including for Section 13(d) of the Securities Exchange Act or any other purpose.
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 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)
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) 260 D (1) 910 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 260 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 260 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 New York Municipal Income Fund II 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 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/ 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.

Source: View Original Filing on SEC EDGAR