Bank of America Fully Exits Preferred Share Position in Nuveen Missouri Quality Municipal Income Fund
summarizeSummary
Bank of America Corporation and its affiliate have fully redeemed their 170 Munifund Preferred Shares in Nuveen Missouri Quality Municipal Income Fund, ceasing to be a beneficial owner of this class of securities.
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Full Redemption of Preferred Shares Completed
Nuveen Missouri Quality Municipal Income Fund completed the redemption of 170 Munifund Preferred Shares on March 25, 2026, as previously announced.
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Bank of America Exits Preferred Share Position
Bank of America Corporation and its affiliate, Banc of America Preferred Funding Corporation, no longer beneficially own any Munifund Preferred Shares of the Issuer following the redemption.
auto_awesomeAnalysis
This Schedule 13D/A confirms the completion of the redemption of 170 Munifund Preferred Shares by Nuveen Missouri Quality Municipal Income Fund on March 25, 2026. This action follows the company's N-23C-2 filing on March 20, 2026, which announced the intention to redeem these securities. As a result of the redemption, Bank of America Corporation and Banc of America Preferred Funding Corporation no longer hold any of these preferred shares, marking a full exit from their position. This event simplifies the company's capital structure and eliminates the associated preferred dividend obligations, which is generally a positive development for the issuer.
At the time of this filing, NOM was trading at $10.25 on NYSE in the Finance sector, with a market capitalization of approximately $24.5M. The 52-week trading range was $9.63 to $12.19. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.