The 20-share redemption is a routine partial redemption of preferred shares by the issuer. The DEFA14A cross-filing indicates an ongoing merger process, but this 13D/A amendment does not signal any change in Bank of America's passive investment intent. Monitor the special meeting for the proposed merger vote.
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Executive Summary
Bank of America Corporation filed Amendment No. 7 to its Schedule 13D for Nuveen Minnesota Quality Municipal Income Fund, reporting a reduction in its beneficial ownership of Adjustable Rate MuniFund Term Preferred Shares from 498 to 478 shares due to a redemption of 20 shares by the issuer on October 13, 2026. This is a routine administrative update reflecting a partial redemption of preferred shares, with no change in purpose or activist intent.
Key Financial Metrics
Key Facts
- Bank of America's stake in NMS preferred shares decreased from 498 to 478 AMTP shares following a redemption of 20 shares by the issuer on October 13, 2026.
- The redemption was previously disclosed in a Notice of Intention to Redeem Securities (N-23C-2) filed by the issuer on May 1, 2026.
- The filing is Amendment No. 7 to the original Schedule 13D dated October 6, 2014.
- The filing updates Schedules I and II and the Joint Filing Agreement and Power of Attorney.
- A cross-filing DEFA14A from September 18, 2026 (27 days prior) relates to a proposed merger of NMS into Nuveen Municipal Credit Income Fund, but the current 13D/A is a routine ownership update and does not change the activist purpose.
Financial Impact
Reduction of 20 AMTP shares redeemed at liquidation preference plus accumulated unpaid dividends; remaining stake is 478 AMTP shares (100% of class).
Risk Factors
- No material risk identified from this routine ownership update.
- The proposed merger (per DEFA14A) could affect the terms or liquidity of the preferred shares, but this filing does not address that.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000070858-26-000484 |
| Document: 0000070858-26-000484-index-headers.html | 0000070858-26-000484 |
| Document: 0000070858-26-000484-index.html | 0000070858-26-000484 |
| Document: 0000070858-26-000484.txt | 0000070858-26-000484 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | SC 13D/A | $10.08 | awaiting T+20 | — | $10.24 (+1.59%) |
Sep 18, 2026 5w ago | DEFA14A | $10.20 $10.28 | ▲ +0.78% | ▲ +0.58% | $10.24 (+0.39%) |
Sep 3, 2026 7w ago | 425 | $10.57 $9.99 | ▼ −5.49% | ▼ −4.30% | $10.24 (−3.12%) |
Jul 7, 2026 15w ago | 425 | $12.19 $11.47 | ▼ −5.93% | ▼ −9.20% | $10.24 (−16.02%) |
US Market Status
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