BANK OF AMERICA CORP /DE/ - 26 Apr 2022 Form 4 Insider Report for BLACKROCK MUNICIPAL INCOME FUND, INC.

Role
10%+ Owner
Signature
BANK OF AMERICA CORP /DE/ By: Its: Authorized Signatory Andres Ortiz
Issuer symbol
N/A
Transactions as of
26 Apr 2022
Net transactions value
+$22,118
Form type
4
Filing time
13 Dec 2024, 16:24:08 UTC
Previous filing
13 Apr 2022
Next filing
13 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUI Common Stock Purchase $914 +75 $12.18 75 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $1,217 +100 +133% $12.17 175 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $4,868 +400 +229% $12.17 575 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $4,868 -400 -70% $12.17 175 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,217 -100 -57% $12.17 75 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $914 -75 -100% $12.18 0 26 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $3,324 +270 $12.31 270 28 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $3,315 -270 -100% $12.28 0 29 Apr 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $14,216 -1,239 -100% $11.47 0 16 Jun 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $4,961 +431 $11.51 0 17 Jun 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $9,300 +808 $11.51 0 17 Jun 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Purchase $49,720 +4,075 $12.20 4,075 08 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $3,696 -300 -7.4% $12.32 3,775 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,232 -100 -2.6% $12.32 3,675 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,232 -100 -2.7% $12.32 3,575 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,232 -100 -2.8% $12.32 3,475 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,232 -100 -2.9% $12.32 3,375 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $4,287 -348 -10% $12.32 3,027 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,232 -100 -3.3% $12.32 2,927 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,219 -99 -3.4% $12.31 2,828 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,230 -100 -3.5% $12.30 2,728 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,230 -100 -3.7% $12.30 2,628 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,230 -100 -3.8% $12.30 2,528 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,230 -100 -4% $12.30 2,428 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -4.1% $12.29 2,328 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -4.3% $12.29 2,228 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -4.5% $12.29 2,128 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -4.7% $12.29 2,028 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -4.9% $12.29 1,928 11 Jul 2022 See Footnotes F1, F2, F3
transaction MUI Common Stock Sale $1,229 -100 -5.2% $12.29 1,828 11 Jul 2022 See Footnotes F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MUI Equity Swap Sale -36 -100% 0 20 Oct 2022 Common Stock 36 See Footnotes F1, F2, F3, F4
transaction MUI Equity Swap Purchase +36 0 24 Oct 2022 Common Stock 36 See Footnotes F1, F2, F3, F5
transaction MUI Equity Swap Sale -3,366 -100% 0 17 Jan 2023 Common Stock 3,366 See Footnotes F1, F2, F3, F6
transaction MUI Equity Swap Purchase +3,366 0 18 Jan 2023 Common Stock 3,366 See Footnotes F1, F2, F3, F7
transaction MUI Equity Swap Sale -9 -100% 0 18 Jan 2023 Common Stock 9 See Footnotes F1, F2, F3, F7
transaction MUI Equity Swap Purchase +9 0 19 Jan 2023 Common Stock 9 See Footnotes F1, F2, F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BANK OF AMERICA CORP /DE/ is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This statement is jointly filed by Bank of America Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"), BofA Securities, Inc. ("BofA Securities"), and Bank of America, N.A. ("BANA") (together, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiaries Merrill Lynch, BofA Securities, and BANA. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
F2 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 Exchange Act 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.
F3 Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) has been or will be remitted to the Issuer.
F4 The Reporting Persons entered an equity swap agreement under which, upon the termination of the agreement on November 30, 2023, the counterparty will pay to the Reporting Persons any decrease in the price of the Common Stock below $10.7825 per share and the Reporting Persons will pay to the counterparty any increase in the price of the Common Stock above $10.7825 per share, in each case, based on a notional amount of 36 shares of Common Stock.
F5 On October 24, 2022, the Reporting Persons terminated the equity swap agreement.
F6 The Reporting Persons entered an equity swap agreement under which, upon the termination of the agreement on February 29, 2024, the counterparty will pay to the Reporting Persons any decrease in the price of the Common Stock below $11.7976 per share and the Reporting Persons will pay to the counterparty any increase in the price of the Common Stock above $11.7976 per share, in each case, based on a notional amount of 3,366 shares of Common Stock.
F7 On January 18, 2023, the Reporting Persons amended the equity swap agreement to reduce the notional number of shares of Common Stock to 9 and to change the reference price used to determine when payments are made to $11.887. Without admitting these changes resulted in a material amendment to the equity swap agreement for purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Persons have treated the amendment as the termination of the previously reported equity swap agreement and the entering into of a new equity swap agreement reflecting the amended terms.
F8 On January 19, 2023, the Reporting Persons terminated the equity swap agreement.

Remarks:

Balance of trades included in attached schedule. (See Exhibit 99.1) Exhibits Index Exhibit 99.2 - Joint Filing Agreement