JPMorgan Discloses 149 RVMTP Shares (11.3%) in PIMCO NY Municipal Fund II

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A. reports beneficial ownership of 149 Remarketable Variable Rate MuniFund Term Preferred Shares of PIMCO New York Municipal Income Fund II, representing 11.30% of the preferred class. The filing explains that JPM acquired the shares and on June 27, 2024 deposited them into a tender option bond trust (J.P. Morgan Putters/Drivers, Series 5061 Trust) which holds title but does not have power to dispose of the shares. Voting rights for those shares were assigned in part to a Voting Trust on June 12, 2024; the Voting Consultant makes recommendations to the Voting Trustee, who follows those recommendations when voting. The amendment reflects the August 1, 2025 reorganization of related PIMCO funds and reports the resulting ownership percentage.

Positive

• Clear disclosure of beneficial ownership quantifying 149 shares and 11.30% of the preferred class
• Transparency about the Voting Trust arrangement and the role of the Voting Consultant and Voting Trustee
• Explanation that the TOB holds title but lacks dispositive power, clarifying economic vs. voting rights separation

Negative

• None.

Insights

Securities Analyst

TL;DR: JPM reports a passive 11.3% preferred stake with voting rights partially placed in a voting trust and economic title held by a TOB.

The filing documents a non-control, passive holding of 149 RVMTP shares representing 11.30% of the preferred class. Economically, the shares were transferred into a TOB that holds title but lacks dispositive power, preserving JPMorgan's retained ability to direct voting through a Voting Trust structure. The arrangement separates economic ownership from voting mechanics, which is relevant for governance signal interpretation but does not indicate an intent to change control. The disclosure of the post-reorganization ownership percentage clarifies stakeholder distribution following consolidation of funds.

Corporate Governance Specialist

TL;DR: The Voting Trust and TOB arrangements limit direct control while centralizing voting recommendations with a consultant and trustee.

The described structure—assignment of voting rights to a Voting Trust with a Voting Consultant making binding recommendations to the Voting Trustee, combined with title held by a TOB—creates governance separation between economic interest and voting decision execution. For governance analysis, this means voting outcomes on the RVMTP shares will be driven by the Voting Consultant's recommendations implemented by the Voting Trustee, not by the TOB that holds title. The filing asserts ordinary-course acquisition and denies any control-seeking purpose, consistent with a Schedule 13G/A disclosure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PIMCO New York Municipal Income Fund II

(Name of Issuer)

Remarketable Variable Rate MuniFund Term Preferred Shares

(Title of Class of Securities)

72200Y607

(CUSIP Number)

08/01/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 72200Y607

1

Names of Reporting Persons

JPMorgan Chase Bank, National Association

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 149.00
7	Sole Dispositive Power 149.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

149.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.30 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PIMCO New York Municipal Income Fund II
(b)	Address of issuer's principal executive offices: 1633 Broadway, New York, NY, 10019
Item 2.
(a)	Name of person filing: JPMorgan Chase Bank, National Association ("JPM")
(b)	Address or principal business office or, if none, residence: 1111 Polaris Parkway Columbus, OH 43240
(c)	Citizenship: United States of America
(d)	Title of class of securities: Remarketable Variable Rate MuniFund Term Preferred Shares
(e)	CUSIP No.: 72200Y607
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 149
(b)	Percent of class: 11.30%* *Represents percentage ownership of RVMTP Shares as a percentage of all preferred shares outstanding and is calculated based on information supplied by the Issuer.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 149** ** On June 12, 2024 JPM assigned certain preferred class voting rights on the RVMTP Shares to a voting trust (the "Voting Trust") created pursuant to the Voting Trust Agreement, dated June 12, 2024 among JPM, Lord Securities Corporation, as trustee (the "Voting Trustee") and Institutional Shareholder Services Inc. (the "Voting Consultant"). Voting and consent rights on the RVMTP Shares not assigned to the Voting Trust have been retained by JPM. The Voting Trust provides that with respect to voting or consent matters relating to the voting rights assigned to the Voting Trust, the Voting Consultant analyzes such voting or consent matters and makes a recommendation to the Voting Trustee on voting or consenting. The Voting Trustee is obligated to follow any such recommendations of the Voting Consultant when providing a vote or consent.
	(iii) Sole power to dispose or to direct the disposition of: 149
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. On June 12, 2024, JPM acquired 149 VMTP Shares from the issuer and on June 27, 2024 JPM deposited 100% of the VMTP Shares into a tender option bond trust (a "TOB") named the J.P. Morgan Putters/Drivers, Series 5061 Trust. The TOB has title to 100% of the VMTP Shares but does not have the power to dispose or direct the disposition of the VMTP Shares. No voting rights on the VMTP Shares have been transferred to the TOB and voting rights on the VMTP Shares are retained by JPM and the Voting Trust as described in Item 4. This Amendment is being filed (i) as a result of reorganization of PIMCO New York Municipal Income Fund ("PNF") and PIMCO New York Municipal Income Fund III ("PYN") into the Issuer on August 1, 2025 (the "Reorganization") and (ii) to report a change in the Reporting Persons' ownership percentage of the Issuer as a result of the Reorganization.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

JPMorgan Chase Bank, National Association

Signature:	/s/ Adrian Budischak
Name/Title:	Adrian Budischak / Authorized Signatory
Date:	09/02/2025

FAQ

What stake does JPMorgan Chase Bank report in PNI preferred shares?

JPMorgan Chase Bank reports beneficial ownership of 149 shares, representing 11.30% of the preferred class.

Do the TOB or Voting Trust control the shares' disposition or votes for PNI?

The tender option bond trust (TOB) holds title but does not have power to dispose; voting rights were partially assigned to a Voting Trust whose trustee follows recommendations of a Voting Consultant.

Why was this Schedule 13G/A amendment filed for PNI (PNI)?

The amendment reports changes resulting from the August 1, 2025 reorganization of related PIMCO funds and the resulting ownership percentage.

Does JPM state an intent to change or influence control of the issuer?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What governance mechanism determines how JPM's assigned votes are cast?

A Voting Consultant analyzes matters and makes recommendations to the Voting Trustee, who is obligated to follow those recommendations when voting or consenting.