PIMCO New York Municipal Income Fund II has made a significant update to its ownership structure, as detailed in a recent Schedule 13D/A filing submitted on November 3, 2026. This amendment reflects a change in the ownership percentage of the fund due to the redemption of shares held by its reporting persons.

The filing indicates that Bank of America Corporation and Banc of America Preferred Funding Corp are the reporting persons, now owning a total of 560 remarketable variable rate munifund term preferred shares (CUSIP No. 72200Y508). This change comes as a result of the redemption of 200 shares that occurred on October 30, 2026, at a price equal to the liquidation preference and accumulated but unpaid dividends.

This development is noteworthy as it highlights ongoing adjustments in the municipal finance sector, where liquidity and share management are crucial. The redemption of shares can impact the overall capital structure of the fund, potentially influencing investor sentiment and market stability.

Background on PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II is a fund that focuses on investing in municipal securities and is listed on the New York Stock Exchange under the ticker symbol PNI. The fund aims to provide current income exempt from federal income tax and New York State and City personal income taxes.

The fund is incorporated in Massachusetts and has a fiscal year ending on December 31. It operates under the broader category of municipal finance, which is characterized by the issuance of bonds and other securities to fund public projects.

What the Filing Says

The recent Schedule 13D/A filing states, "This Amendment No. 5 amends the statement on Schedule 13D, dated April 17, 2024, for Bank of America Corporation and Banc of America Preferred Funding Corporation with respect to the remarketable variable rate munifund term preferred shares of PIMCO New York Municipal Income Fund II." It further notes that the 200 shares held by Banc of America Preferred Funding Corp were redeemed by the issuer.

Impact

This update may affect various stakeholders, including investors in municipal securities and other funds in the municipal finance sector. The actions of Bank of America and Banc of America Preferred Funding Corp could signal broader trends in liquidity management and investment strategies within the industry.

What's Next

The filing does not specify what happens next following this amendment. Investors and market participants will be watching closely for any further developments or filings that may provide additional insights into the fund's strategy and performance.