BofA's BlackRock MHN position liquidated: 4 sales totaling 8,903 shares for $120,763.47 across 2016–2019; post-transaction holdings zero.
Bank of America, as a 10% owner of BlackRock Muniholdings New York Quality Fund, Inc., executed a complete exit from its MHN position through 4 separate sales totaling 8,903 shares for $120,763.47, resulting in zero post-transaction holdings. The exit occurred in stages across three years (2016–2019), with a major liquidation event on 2019-08-23 alone accounting for 7,574 shares at $13.68 sold for $103,582.02. Notably, immediately following the August 2019 block sale, BofA executed 26 separate repurchases totaling 4,329 shares for $58,414.25 over two trading days (2019-08-23 and 2019-08-26), though these did not prevent the net result: full divestment of the original 4,574-share position. The timing and scale of this multi-year liquidation suggest a strategic shift in MHN holdings allocation rather than a single tactical decision.