Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
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PIMCO Flexible Municipal Income Fund (Name of Issuer) |
REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED (Title of Class of Securities) |
72203E400 (CUSIP Number) |
Bank of America Corporation Bank of America Corporate Center, 100 N. Tryon Street Charlotte, NC, 28255 980-825-9256 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
04/16/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 72203E400 |
| 1 |
Name of reporting person
BANK OF AMERICA CORP /DE/ | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
3,500.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
63.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
HC |
SCHEDULE 13D
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| CUSIP No. | 72203E400 |
| 1 |
Name of reporting person
Banc of America Preferred Funding Corporation | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or pl
ace of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
3,500.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
63.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED | |
| (b) | Name of Issuer:
PIMCO Flexible Municipal Income Fund | |
| (c) | Address of Issuer's Principal Executive Offices:
1633 BROADWAY, NEW YORK,
NEW YORK
, 10019. | |
Item 1 Comment:
This Amendment No. 10 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated June 17, 2019 and filed with the SEC on June 27, 2019 (as amended to the date hereof, the "Original Schedule 13D"), for Bank of America Corporation ("BAC") and Banc of America Preferred Funding Corporation ("BAPFC") (collectively, the "Reporting Persons") with respect to the remarketable variable rate munifund term preferred shares ("RVMTP Shares") of PIMCO Flexible Municipal Income Fund (the "Issuer"). This Amendment is being filed as a result of the purchase of RVMTP Shares described as the Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2055-A (the "2055-A RVMTP Shares") of the Issuer (CUSIP No. 72203E863) in the amount of 1,500 shares purchased by BAPFC. In addition to the 2055-A RVMTP Shares, BAPFC holds 500 2049-A RVMTP Shares (CUSIP No. 72203E509), 500 2051-A RVMTP Shares (CUSIP No. 72203E400), and 1,000 2052-B RVMTP Shares (CUSIP No. 72203E871). | ||
| Item 2. | Identity and Background | |
| (c) | Item 2(c) of the Original Schedule 13D is hereby amended by: deleting Schedule I referenced therein and replacing it with Schedule I included with this Amendment. | |
| (d) | Item 2(d) of the Original Schedule 13D is hereby amended by: deleting Schedule II referenced therein and replacing it with Schedule II included with this Amendment. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "The Reporting Persons purchased 1,500 2055-A RVMTP Shares (CUSIP No. 72203E863) from the Issuer (the "Series 2055-A Purchase"). The aggregate amount of funds used by the Reporting Persons for the Series 2055-A Purchase was approximately $150,000,000. The source of funds was the working capital of the Reporting Persons." | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "BAPFC made the Series 2055-A Purchase for investment purposes. BAPFC acquired the 2055-A RVMTP Shares (CUSIP No. 72203E863) pursuant to a RVMTP Purchase Agreement, dated April 16, 2025, between the Issuer, BAPFC, and BofA Securities, Inc., as DTC Agent, on their initial issuance for a purchase price of $150,000,000. The Reporting Persons have not acquired the subject securities with any purpose, or with the effect of, changing or influencing control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect." | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Paragraph (a) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "The responses of the Reporting Persons to rows (7) through (11) of the cover pages of this Amendment 1 are incorporated herein by reference". | |
| (b) | Paragraph (b) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "The responses of the Reporting Persons to rows (7) through (11) of the cover pages of this Amendment 1 are incorporated herein by reference." | |
| (c) | Paragraph (c) of Item 5 of the Original Schedule 13D is hereby amended and restated to read as follow: "The responses of the Reporting Persons in Item 3 and Item 4 are incorporated herein by reference." | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Item 6 of the Original Schedule 13D is hereby amended by adding the following at the end of the first paragraph thereof: "The voting and consent rights on of the 1,500 2055-A RVMTP Shares acquired in the Series 2055-A Purchase by BAPFC will be treated in the same manner as previously described in this Item 6." | ||
| Item 7. | Material to be Filed as Exhibits. | |
Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and the insertion of the following exhibits: "ExhibitDescription of Exhibit 99.1Joint Filing Agreement 99.2Power of Attorney 99.17Registration Rights Agreement, dated April 16, 2025 99.18RVMTP Purchase Agreement, dated April 16, 2025" 99.19Schedule I 99.20Schedule II" | ||
| 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.
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