Bank of America Corp /DE/ and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly filed a Form 4 on August 12, 2026, disclosing a series of purchases and sales of common stock in BlackRock Municipal Credit Alpha Portfolio, Inc. (MUNEX) on August 10, 2026.

Key Highlights

  • Issuer and security: The transactions involved common stock of BlackRock Municipal Credit Alpha Portfolio, Inc., ticker MUNEX.
  • Purchase price: All purchases were executed at $12.29 per share on August 10, 2026.
  • Sale price: All sales were executed at $12.32 per share on August 10, 2026.
  • Total shares purchased: The filing reflects aggregate purchases of 12,740 shares across eight purchase transactions (codes P) on the same date.
  • Net beneficial ownership after all transactions: 0 shares held indirectly following the final reported sale transaction.
  • Reporting persons: Bank of America Corp /DE/ holds an indirect interest by virtue of its 100% ownership of subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated, and both entities jointly filed this statement.
  • 10% owner status: Both reporting persons are identified in the filing as 10% owners of the issuer.

Bank of America and Merrill Lynch Disclose Round-Trip MUNEX Trades on August 10, 2026

According to the filing, Bank of America Corp /DE/ and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the "Reporting Persons") jointly reported sixteen transactions in the common stock of BlackRock Municipal Credit Alpha Portfolio, Inc. on August 10, 2026. All transactions were conducted indirectly. The filing identifies the issuer's ticker as MUNEX, though the filing does not specify an exchange listing in its registered-securities table.

The filing discloses eight purchase transactions (transaction code P) totaling 12,740 shares acquired at $12.29 per share, and eight sale transactions (transaction code S) totaling 12,740 shares disposed of at $12.32 per share. Following the final reported transaction, the beneficial ownership of common stock stood at 0 shares held indirectly. The filing attributes the indirect interest to Bank of America Corporation's 100% ownership of Merrill Lynch.

The filing includes three explanatory footnotes. In the first, the Reporting Persons state they "disclaim beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any." In the third footnote, the Reporting Persons state that, "without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a)," any profit potentially recoverable under Section 16(b) "will be remitted to the Issuer." The filing was signed by Christopher Twomey as authorized signatory for both entities on August 12, 2026.

What Was Disclosed

The joint Form 4 covers sixteen common stock transactions in MUNEX on August 10, 2026, consisting of purchases at $12.29 and sales at $12.32 per share, with net beneficial ownership reduced to 0 shares following the final reported transaction.