Amended Statement of Ownership (sc 13g/a)
February 03 2023 - 02:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5 )
PIMCO New York Municipal Income Fund
(Name of Issuer)
Auction Preferred Stock
(Title of Class of Securities)
72200T301
(CUSIP Number)
November 22, 2022**
(Date of Event Which Requires Filing of this
Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
☒ Rule 13d–1(b)
☐ Rule 13d–1(c)
☐ Rule 13d–1(d)
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The remainder of this cover page shall be filled out
for a reporting person’s initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures
provided in a prior cover page.
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** |
The event triggering notification is the transfer of
the ARPS by the former holder, UBS Securities LLC, to UBS Real
Estate, Inc. on November 22, 2022.
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The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of
the Securities Exchange Act of 1934 (“Act”) or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
CUSIP No. 72200T301
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(1) |
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Names of reporting persons
UBS Group AG, for the benefit and on behalf of UBS Securities LLC
and UBS Financial Services Inc., two-wholly owned subsidiaries of
UBS AG to which UBS AG has delegated portions of its performance
obligations with respect to the Auction Rate Securities Rights
issued by UBS AG to certain clients and pursuant to which the
securities reported herein have been purchased from such clients,
and UBS Real Estate, Inc. (“Resi”), a wholly-owned subsidiary of
UBS AG.
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(2) |
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Check the appropriate box if a member of a group (see
instructions)
(a) ☐ (b) ☐
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(3) |
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SEC use only
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(4) |
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Citizenship or place of organization
Switzerland
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Number of
shares
beneficially
owned by
each
reporting
person
with:
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(5) |
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Sole voting power
0
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(6) |
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Shared voting power
1’286***
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(7) |
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Sole dispositive power
0
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(8) |
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Shared dispositive power
1’286***
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(9) |
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Aggregate amount beneficially owned by each reporting
person
1’286***
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(10) |
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Check if the aggregate amount in Row (9) excludes
certain shares (see instructions)
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(11) |
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Percent of class represented by amount in Row (9)
78.37%****
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(12) |
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Type of reporting person (see instructions)
BK
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*** |
These amounts reflect UBS Group AG’s combined holdings
in the series of auction preferred stock of the issuer identified
by the CUSIP number(s) set forth on the cover page of this Schedule
13G.
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**** |
This calculation reflects a fraction the numerator of
which is the total set forth in Item 9 of this cover page and the
denominator of which is the aggregate amount of auction preferred
stock of all series identified in Item 2(e) of this Schedule 13G,
which latter amount is treated herein as a single class of
securities.
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SCHEDULE 13G |
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Page ___ of ___ |
Item 1(a) Name of issuer: PIMCO New York Municipal
Income Fund
Item 1(b) Address of issuer’s principal executive
offices:
PIMCO New York Municipal Income Fund
1633 Broadway
New York, NY 10019
2(a) Name of person filing:
UBS Group AG
2(b) Address or principal business office or, if none,
residence:
UBS Group AG
Bahnhofstrasse 45
PO Box CH-8021
Zurich, Switzerland
2(c) Citizenship:
Switzerland
2(d) Title of class of securities:
Auction Preferred Stock
2(e) CUSIP No.:
72200T301
Item 3. |
If this statement is filed pursuant to
§§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person
filing is a:
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(a) |
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Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o); |
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(b) |
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Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c); |
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(c) |
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☐ |
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Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c); |
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(d) |
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☐ |
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Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C 80a–8); |
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(e) |
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An investment adviser in accordance with
§240.13d–1(b)(1)(ii)(E); |
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(f) |
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☐ |
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An employee benefit plan or endowment fund in
accordance with §240.13d–1(b)(1)(ii)(F); |
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(g) |
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☐ |
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A parent holding company or control person in
accordance with §240.13d–1(b)(1)(ii)(G); |
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(h) |
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A savings associations as defined in
Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813); |
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(i) |
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☐ |
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A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a–3); |
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(j) |
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☐ |
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A non-U.S.
institution in accordance with §240.13d–1(b)(1)(ii)(J); |
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(k) |
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☐ |
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Group, in accordance with §240.13d–1(b)(1)(ii)(K).
If filing as a non-U.S.
institution in accordance with §240.13d–1(b)(1)(ii)(J), please
specify the type of institution:
________________________________ |
Items 5-11 of the cover
page and Item 2(e) above are incorporated by reference in our
response to this Item 4.
Item 5. |
Ownership of 5 Percent or Less of a
Class. If this statement is being filed to report the
fact that as of the date hereof the reporting person has ceased to
be the beneficial owner of more than 5 percent of the class of
securities, check the following ☐.
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Dissolution of a group requires a response to this item.
Item 6. |
Ownership of More than 5 Percent on Behalf of
Another Person.
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See the final sentence in Item 7 below, which is incorporated by
referenced into this Item 6.
Item 7. |
Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the
Parent Holding Company or Control Person.
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This statement on Schedule 13G is being filed by UBS Group AG, for
the benefit and on behalf of UBS Securities LLC and UBS Financial
Services Inc., two-wholly
owned subsidiaries of UBS AG to which UBS AG has delegated portions
of its performance obligations with respect to the Auction Rate
Securities Rights issued by UBS AG to certain clients and pursuant
to which the securities reported herein have been purchased from
such clients, and UBS Real Estate, Inc. (“Resi”), a wholly-owned
subsidiary of UBS AG. The former holder of the ARPS, UBS Securities
LLC, transferred the ARPS to Resi on November 22, 2022. In
connection with a Tender Option Bond financing, Resi has deposited
the ARPS into a custodial arrangement with a third party custodian
whereby it retains certain rights in the ARPS, and the ARPS are
also subject to a voting trust agreement by and among UBS
Securities LLC, a third party voting trustee, and an independent
voting consultant.
Item 8. |
Identification and Classification of Members of
the Group.
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N/A
Item 9. |
Notice of Dissolution of Group.
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N/A
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect other
than activities solely in connection with a nomination under
§240.14a-11.
Signatures
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
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Date: 02/03/2023 |
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Signature: |
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/s/
Andrew Johnson |
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Name: |
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Andrew Johnson |
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Title: |
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Associate Director |
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Date: 02/03/2023 |
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Signature: |
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/s/
Jignesh Doshi |
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Name: |
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Jignesh Doshi |
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Title: |
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Managing Director |
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