X0508 4 2022-04-26 true 0001232860 BLACKROCK MUNICIPAL INCOME FUND, INC. MUI 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N. TRYON STREET CHARLOTTE NC 28255 true 0001675365 BOFA SECURITIES, INC. ONE BRYANT PARK NEW YORK NY 10036 true 0001102113 BANK OF AMERICA NA 100 NORTH TRYON STREET CHARLOTTE NC 28255 true 0000728612 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. ONE BRYANT PARK NEW YORK NY 10036 true false Common Stock 2022-04-26 4 P 0 75 12.18 A 75 I See Footnotes Common Stock 2022-04-26 4 P 0 100 12.17 A 175 I See Footnotes Common Stock 2022-04-26 4 P 0 400 12.17 A 575 I See Footnotes Common Stock 2022-04-26 4 S 0 400 12.17 D 175 I See Footnotes Common Stock 2022-04-26 4 S 0 100 12.17 D 75 I See Footnotes Common Stock 2022-04-26 4 S 0 75 12.18 D 0 I See Footnotes Common Stock 2022-04-28 4 P 0 270 12.3106 A 270 I See Footnotes Common Stock 2022-04-29 4 S 0 270 12.2793 D 0 I See Footnotes Common Stock 2022-06-16 4 S 0 1239 11.4734 D 0 I See Footnotes Common Stock 2022-06-17 4 P 0 431 11.51 A 0 I See Footnotes Common Stock 2022-06-17 4 P 0 808 11.51 A 0 I See Footnotes Common Stock 2022-07-08 4 P 0 4075 12.2012 A 4075 I See Footnotes Common Stock 2022-07-11 4 S 0 300 12.32 D 3775 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.32 D 3675 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.32 D 3575 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.32 D 3475 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.32 D 3375 I See Footnotes Common Stock 2022-07-11 4 S 0 348 12.32 D 3027 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.32 D 2927 I See Footnotes Common Stock 2022-07-11 4 S 0 99 12.31 D 2828 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.3 D 2728 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.3 D 2628 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.3 D 2528 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.3 D 2428 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 2328 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 2228 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 2128 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 2028 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 1928 I See Footnotes Common Stock 2022-07-11 4 S 0 100 12.29 D 1828 I See Footnotes Equity Swap 2022-10-20 4 S 1 36 D 2023-11-30 Common Stock 36 0 I See Footnotes Equity Swap 2022-10-24 4 P 1 36 A 2023-11-30 Common Stock 36 0 I See Footnotes Equity Swap 2023-01-17 4 S 1 3366 D 2024-02-29 Common Stock 3366 0 I See Footnotes Equity Swap 2023-01-18 4 P 1 3366 A 2024-02-29 Common Stock 3366 0 I See Footnotes Equity Swap 2023-01-18 4 S 1 9 D 2024-02-29 Common Stock 9 0 I See Footnotes Equity Swap 2023-01-19 4 P 1 9 A 2024-02-29 Common Stock 9 0 I See Footnotes This statement is jointly filed by Bank of America Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"), BofA Securities, Inc. ("BofA Securities"), and Bank of America, N.A. ("BANA") (together, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiaries Merrill Lynch, BofA Securities, and BANA. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) has been or will be remitted to the Issuer. The Reporting Persons entered an equity swap agreement under which, upon the termination of the agreement on November 30, 2023, the counterparty will pay to the Reporting Persons any decrease in the price of the Common Stock below $10.7825 per share and the Reporting Persons will pay to the counterparty any increase in the price of the Common Stock above $10.7825 per share, in each case, based on a notional amount of 36 shares of Common Stock. On October 24, 2022, the Reporting Persons terminated the equity swap agreement. The Reporting Persons entered an equity swap agreement under which, upon the termination of the agreement on February 29, 2024, the counterparty will pay to the Reporting Persons any decrease in the price of the Common Stock below $11.7976 per share and the Reporting Persons will pay to the counterparty any increase in the price of the Common Stock above $11.7976 per share, in each case, based on a notional amount of 3,366 shares of Common Stock. On January 18, 2023, the Reporting Persons amended the equity swap agreement to reduce the notional number of shares of Common Stock to 9 and to change the reference price used to determine when payments are made to $11.887. Without admitting these changes resulted in a material amendment to the equity swap agreement for purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Persons have treated the amendment as the termination of the previously reported equity swap agreement and the entering into of a new equity swap agreement reflecting the amended terms. On January 19, 2023, the Reporting Persons terminated the equity swap agreement. Balance of trades included in attached schedule. (See Exhibit 99.1) Exhibits Index Exhibit 99.2 - Joint Filing Agreement BANK OF AMERICA CORP /DE/ By: Its: Authorized Signatory Andres Ortiz 2024-12-13 BofA Securities, Inc. By: Its: Authorized Signatory Andres Ortiz 2024-12-13 Bank of America N.A. By: Its: Authorized Signatory Andres Ortiz 2024-12-13 Merrill Lynch, Pierce, Fenner & Smith Incorporated By: Its: Authorized Signatory Andres Ortiz 2024-12-13