| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AFB | Variable Rate MuniFund Term Preferred Shares | Other | -3.53K | -38.03% | 5.75K | Sep 7, 2023 | By Subsidiary | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The variable rate munifund term preferred shares (the "VMTP Shares") shown reported as disposed of in Table I represent VMTP Shares (Series 2018) of the Issuer (CUSIP No. 01864U502) that were beneficially owned by Banc of America Preferred Funding Corporation ("PFC"). The VMTP Shares (Series 2018) were disposed of as a result of a transfer coordinated by the Issuer to a subsequent owner who is unaffiliated with PFC for a purchase price equal to $25,042.38356 per share (which includes a liquidation preference of $25,000 per share and accrued dividends of $42.383563 per share). PFC also owns 5,754 VMTP Shares (Series 2019) previously acquired and reported on prior to the date of this filing (CUSIP No. 01864U601). PFC is a wholly owned subsidiary of Bank of America Corporation. |
| F2 | This statement is jointly filed by BAC and PFC. BAC held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of PFC. |
| 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. |
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information