Bank of America buys $16.2k, sells $15.4k of PIMCO fund shares

Bank of America Corp., identified as a Director and 10% Owner of PIMCO California Municipal Income Fund (NASDAQ:PCQ), reported a series of transactions in the fund’s shares on October 14, 2026, according to a recent SEC Form 4 filing. The financial institution acquired common shares valued at approximately $16,260 and subsequently sold shares worth about $15,423 on the same day.

The filing indicates that Bank of America acquired 2,000 common shares of PIMCO California Municipal Income Fund at a price of $8.1303 per share. Following this acquisition, the entity disposed of a total of 2,000 common shares. These sales occurred at prices ranging from $7.7016 to $7.715 per share. After these transactions, the reporting person’s beneficial ownership in the fund’s common shares stood at 0. The fund currently trades at $7.95, near its 52-week low of $7.57, according to InvestingPro data. Despite recent price weakness, PCQ offers investors a dividend yield of 5.43% and has maintained dividend payments for 26 consecutive years, one of several key insights available to InvestingPro subscribers.

The report clarifies that the statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Bank of America Corporation holds an indirect interest in the securities listed in this report by virtue of its 100% ownership of its subsidiary, Merrill Lynch. Both reporting persons disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest. Furthermore, the filing states that any 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) of the Exchange Act, has been or will be remitted to the Issuer. This remittance is made without conceding the reporting persons’ status as greater than 10% beneficial owners or that the transactions are subject to disclosure under Section 16(a) of the Exchange Act.