Summary by Moomoo AI
Bank of America Corporation and its affiliate Banc of America Preferred Funding Corporation, collectively known as the Reporting Persons, have filed an amendment to their Schedule 13D with the SEC, reporting a change in the ownership percentage of preferred shares in Nuveen Quality Municipal Income Fund. The amendment, dated May 1, 2024, reflects a decrease in the outstanding preferred shares of the issuer, resulting in the Reporting Persons' ownership percentage increasing to 46%. This filing was necessitated by a reduction in the total number of preferred shares reported by the issuer. The Reporting Persons have indicated that they are in the process of analyzing additional trading activity and will file another amendment to Schedule 13D as soon as the analysis is completed. The amendment also includes updated executive information for both Bank of America Corporation and Banc of America Preferred Funding Corporation, as well as a revised schedule of litigation.