Bank of America Corp /DE/ and Bank of America NA jointly filed a Form 4 with the SEC on September 1, 2026, disclosing the acquisition of 100 Mandatory Redeemable Preferred Shares, Series D in Neuberger High Yield Strategies Fund Inc. (NHS) on August 28, 2026.

Key Highlights

  • Security acquired: 100 Mandatory Redeemable Preferred Shares, Series D of Neuberger High Yield Strategies Fund Inc.
  • Transaction date: August 28, 2026, with transaction code J.
  • Price per share: $100,000 per share, acquired directly from the Issuer.
  • Post-transaction holdings: Bank of America NA beneficially owns 500 MRPS Shares following the transaction, held indirectly by Bank of America Corp.
  • Prior holdings: Bank of America NA beneficially owned 400 MRPS Shares before this transaction.
  • Ownership relationship: Bank of America NA is a wholly owned subsidiary of Bank of America Corporation, which holds an indirect interest in the shares.

Bank of America NA Acquires Additional Preferred Shares in Neuberger High Yield Strategies Fund

According to the filing, Bank of America NA ("BANA") acquired 100 Mandatory Redeemable Preferred Shares, Series D (the "MRPS Shares") from Neuberger High Yield Strategies Fund Inc. at a price of $100,000 per share on August 28, 2026. The transaction is reported under transaction code J in Table I of the Form 4. BANA is identified in the filing as a wholly owned subsidiary of Bank of America Corporation.

The filing discloses that prior to this transaction, BANA beneficially owned 400 MRPS Shares. Following the reported acquisition, the total beneficial ownership of MRPS Shares held by BANA stands at 500, with the ownership form listed as indirect. Bank of America Corporation holds an indirect interest in the securities by virtue of its 100% ownership of BANA, according to the filing.

Both Bank of America Corp /DE/ and Bank of America NA are listed as reporting persons and are identified as 10% owners of the issuer, Neuberger High Yield Strategies Fund Inc., trading under the ticker NHS. The filing notes that "neither the filing of this statement nor anything herein shall be construed as an admission" that either reporting person is acting as part of a group for the purposes of Section 13(d) of the U.S. Securities Exchange Act of 1934.

What Was Disclosed

The Form 4 filed September 1, 2026 reports that Bank of America NA acquired 100 Mandatory Redeemable Preferred Shares, Series D in Neuberger High Yield Strategies Fund Inc. at $100,000 per share on August 28, 2026, bringing BANA's total beneficial ownership to 500 MRPS Shares.