JPMorgan Abandons PCQ Stake, Reports Zero Ownership

JPMorgan Chase Bank has filed an amended Schedule 13G/A with the U.S. securities regulator, reporting that it no longer beneficially owns any Remarketable Variable Rate MuniFund Term Preferred Shares of PIMCO California Municipal Income Fund (PCQ).

The filing states that JPMorgan's ownership in this specific preferred share class is zero percent, with no sole or shared voting or dispositive power over these shares.

This means that JPMorgan has no control or influence over the decisions made by PCQ regarding its Remarketable Variable Rate MuniFund Term Preferred Shares.