JPMorgan Chase Restructures NMCO Preferred Shares Ownership

JPMorgan Chase Bank, N.A. has filed a Form 4 with the U.S. Securities and Exchange Commission (SEC) disclosing significant transactions involving Nuveen Municipal Credit Opportunities Fund (NMCO). On October 1, 2026, the bank transferred 990 Series C MuniFund Preferred Shares to the National Finance Authority (NFA) in exchange for $98,943,550.24 plus accrued dividends. These shares were then deposited into a trust arrangement, which issued National Finance Authority Certificates Series 2026-PS2, representing an indirect beneficial ownership interest in the MFP Shares.

Additionally, on the same date, JPMorgan Chase acquired National Finance Authority Certificates Series 2026-PS2 Class A Certificate for $74,250,000. This acquisition gave the bank an indirect beneficial ownership interest in the MFP Shares through the contractual rights under the trust arrangement. The transactions highlight a strategic restructuring of ownership interests in NMCO's preferred shares.