JPMorgan trust exits PIMCO New York Muni II (NYSE: PNI) preferreds

Rhea-AI Filing Summary

PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI) reported an insider transaction by a 10% owner, JPMorgan Chase Bank, N.A., acting indirectly through a trust. On 2026-08-24, 149 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A were disposed of when the fund redeemed these shares at a redemption price of $100,211.23288 per share, including a $100,000.00 liquidation preference and $211.23288 of accrued dividends per share. Following the redemption, the reporting person’s indirect holdings of this preferred series were reduced to zero.

Insider Trade Summary

Net Seller: 149 shares

Net Sell 1 txn

Insider JPMorgan Chase Bank, N.A.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Remarketable Variable Rate MuniFund Term Preferred Shares F1	149	--	--

Holdings After Transaction: Remarketable Variable Rate MuniFund Term Preferred Shares — 0 shares (Indirect, By Trust)

Footnotes (1)

1. F1. The 149 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent remarketable variable rate munifund term preferred shares, Series 2054-A (the "RVMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,211.23288 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $211.23288 per share).

Key Figures

Preferred shares disposed: 149 shares Redemption price per share: $100,211.23288 per share Liquidation preference per share: $100,000.00 per share +2 more

5 metrics

Preferred shares disposed 149 shares Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A, redeemed on 2026-08-24

Redemption price per share $100,211.23288 per share Redemption of RVMTP Shares, including liquidation preference and accrued dividends

Liquidation preference per share $100,000.00 per share Component of redemption price for the RVMTP Shares

Accrued dividends per share $211.23288 per share Accrued dividends included in the redemption price of the RVMTP Shares

Shares held after transaction 0 shares Indirect holdings of the reported preferred series by the reporting person after redemption

Key Terms

Remarketable Variable Rate MuniFund Term Preferred Shares, redemption price, liquidation preference, accrued dividends

4 terms

Remarketable Variable Rate MuniFund Term Preferred Shares financial

"security title "Remarketable Variable Rate MuniFund Term Preferred 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.

redemption price financial

"The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

liquidation preference financial

"which includes a liquidation preference of $100,000.00 per share and accrued dividends"

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.

accrued dividends financial

"liquidation preference of $100,000.00 per share and accrued dividends of $211.23288 per share"

Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.

FAQ

What insider transaction did PNI report in this Form 4 filing?

PNI reported that a 10% owner, JPMorgan Chase Bank, N.A., indirectly disposed of 149 Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2054-A on 2026-08-24 due to a redemption by the fund, reducing its indirect holdings of this series to zero.

What price did PNI pay to redeem the preferred shares in this Form 4?

PNI redeemed the preferred shares at a redemption price of $100,211.23288 per share, consisting of a $100,000.00 liquidation preference plus $211.23288 in accrued dividends per share, as disclosed for the Series 2054-A remarketable variable rate munifund term preferred shares.

How many PNI preferred shares were affected in this insider transaction?

The transaction involved 149 remarketable variable rate munifund term preferred shares, Series 2054-A. All of these were redeemed by PIMCO NEW YORK MUNICIPAL INCOME FUND II, leaving the reporting person with 0 shares of this preferred series after the transaction.

Was the PNI insider transaction an open-market sale or a redemption?

The transaction was a redemption by PIMCO NEW YORK MUNICIPAL INCOME FUND II, not an open-market sale. The 149 preferred shares were redeemed by the issuer at the stated redemption price, leading to their disposition from the trust associated with JPMorgan Chase Bank, N.A.

How were the PNI shares held by the reporting person before redemption?

The 149 remarketable variable rate munifund term preferred shares were indirectly beneficially owned “By Trust” for the benefit of the reporting person, JPMorgan Chase Bank, N.A., before being redeemed by PIMCO NEW YORK MUNICIPAL INCOME FUND II.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 04:13 PM Accepted by SEC EDGAR 08/25/2026 - 04:12 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

X

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^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OHIO 43240

(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)

X	Form filed by One Reporting Person
	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	08/24/2026		J(1)		149	D(1)	(1)	0(1)	I(1)	By Trust

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

Explanation of Responses:

1. The 149 remarketable variable rate munifund term preferred shares reported as disposed of in Table I represent remarketable variable rate munifund term preferred shares, Series 2054-A (the "RVMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The RVMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,211.23288 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $211.23288 per share).

	/s/ Adrian Budischak, Authorized Signatory	08/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)