Bank of America, 10% owner, sells $972 in Nuveen Municipal Credit Fund

Bank of America Corp., a 10% owner of Nuveen Municipal Credit Opportunities Fund (NMCO), reported both sales and purchases of the fund’s common stock on October 20, 2026. The institution sold a total of 111 common shares for approximately $972, with prices ranging from $8.7601 to $8.795 per share. On the same day, Bank of America Corp. also acquired 111 common shares, totaling approximately $974, at prices between $8.765 and $8.779 per share. Following these transactions, the reporting person’s indirect beneficial ownership of the fund’s common stock was reduced to 0 shares.

The transactions come as NMCO trades at $8.81, down 14.67% over the past six months. The fund offers a notable 9.41% dividend yield, though shares remain down 8% year-to-date. InvestingPro subscribers have access to over 10 additional exclusive tips and comprehensive financial metrics for NMCO.

The transactions were jointly reported by Bank of America Corporation and its subsidiary, Merrill Lynch, Pierce, Fenner & Smith Incorporated. Bank of America Corporation holds an indirect interest in these securities through its 100% ownership of Merrill Lynch. Both entities disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest.

Additionally, the reporting persons stated that any profit potentially recoverable by the Issuer under Section 16(b) of the Securities Exchange Act of 1934, in the event they were deemed greater than 10% beneficial owners and the transactions subject to the section, has been or will be remitted to Nuveen Municipal Credit Opportunities Fund.