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SC 13D/A ·Filed Oct 2, 2026

NMCO

Nuveen Municipal Credit Opportunities Fund
NEUTRAL
Impact 3/10
Horizonweeks Processed24d 17h ago SEC0000070858-26-000471
Activist stake amendment (position change)
Actionable Insight • Neutral

This is a routine administrative amendment updating schedules and reflecting a covenant modification. No change in ownership or activist intent. Monitor for any future amendments that might signal a change in Bank of America's position or strategy regarding the fund.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled — T+5d
NMCO ▲ +1.39% at T+5d
NEUTRAL call +1.39% · α vs SPY +0.97% · entry $8.61 → $8.73
Next anchor: T+20d in 3d
Latest observation: T+14 +5.89% FF3 residual α
Entry = T+0 close
Oct 2, 2026
via day close
T+1d
+0.58%
call +0.58% · α +0.03%
$8.66
settled 22d ago
T+5d
+1.39%
call +1.39% · α +0.97%
$8.73
settled 18d ago
T+20d
Pending
in 3d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Bank of America Corporation and its affiliate Banc of America Preferred Funding Corp filed Amendment No. 5 to their Schedule 13D for Nuveen Municipal Credit Opportunities Fund, reporting beneficial ownership of 2,050 MuniFund Preferred Shares (50.7% of the class) as of September 30, 2026. The amendment updates Schedules I and II and reflects a covenant modification to the Series B MFP Purchase Agreement dated September 30, 2026. No change in stake size or purpose was disclosed.

Key Financial Metrics

Stake
50.7%
Investor
Bank of America Corporation / Banc of America Preferred Funding Corp

Key Facts

  • Bank of America and Banc of America Preferred Funding Corp reported 2,050 MuniFund Preferred Shares (50.7% of the class) as of September 30, 2026.
  • This is Amendment No. 5 to the Schedule 13D originally filed December 31, 2019.
  • The amendment updates Schedules I and II and adds a covenant modification to the Series B MFP Purchase Agreement dated September 30, 2026.
  • No change in the number of shares or percentage ownership was indicated.

Financial Impact

No financial figures disclosed beyond the existing 2,050 preferred shares (50.7% stake). Covenant modification details not provided.

Risk Factors

  • Covenant modifications could signal changes in terms that may affect preferred share terms or issuer flexibility.
  • Bank of America's majority preferred stake gives it significant influence over the fund's capital structure decisions.

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
SC 13D/A Filing (Primary)0000070858-26-000471
Document: 0000070858-26-000471-index-headers.html0000070858-26-000471
Document: 0000070858-26-000471-index.html0000070858-26-000471
Document: 0000070858-26-000471.txt0000070858-26-000471
2 reports for NMCO
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TypeNow
Oct 2, 2026
24d ago
SC 13D/A
NEUTRAL ★ 3/10
$8.61awaiting T+20—$8.86 (+2.90%)
Mar 13, 2026
32w ago
EFFECT
NEUTRAL ★ 3/10
$10.53 $10.69▲ +1.51%▼ −2.08%$8.86 (−15.87%)
Showing 2 of 2

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Report published Oct 2, 2026