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

Bank of America, a 10% owner of Nuveen Municipal Credit Opportunities Fund (NMCO), executed a $972 sale and purchase of the fund's common stock on October 20, 2026. The financial institution sold 111 shares at prices between $8.7601 and $8.795 per share, while also acquiring 111 shares at prices ranging from $8.765 to $8.779 per share.

Consequently, the reporting person's indirect beneficial ownership of NMCO's common stock was reduced to zero shares. The fund currently trades at $8.81, marking a 14.67% decline over the past six months. Despite offering a 9.41% dividend yield, the fund's shares have experienced an 8% year-to-date decline. In addition to Bank of America Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated reported the transactions jointly.

Both entities maintain indirect interest in these securities through their 100% ownership of Merrill Lynch. They disclaim beneficial ownership of the reported securities, except for their financial stake. The reporting persons clarified that any recoverable profit under Section 16(b) of the Securities Exchange Act of 1934, should they exceed a 10% beneficial ownership, will be remitted to NMCO.

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