UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
MBIA INC
___________________________________________________________
(Name of Issuer)
Common Stock, par value $1 per share
___________________________________________________________
(Title of Class of Securities)
55262C100
_________________________________________________
(CUSIP Number)
May 07, 2013
___________________________________________________________
(Date of Event which Requires Filing of Statement)
Check the appropriate box to designate the Rule pursuant to which this Schedule is filed:
[ ] Rule 13d – 1(b)
[x] Rule 13d – 1(c)
[ ] Rule 13d – 1(d)
* 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 disclosures provided in a prior cover page.
The information required on the remainder of this 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.)
(Continued on following page(s))
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CUSIP No. 55262C100
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1
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NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
BANK OF AMERICA CORPORATION 56-0906609
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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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 Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
6
7
8
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SOLE VOTING POWER
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0
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SHARED VOTING POWER
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12,280,215
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SOLE DISPOSITIVE POWER
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0
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SHARED DISPOSITIVE POWER
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12,301,083
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,301,083
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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)
6.06%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
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Item 1(a). Name of Issuer:
MBIA INC
Item 1(b). Address of Issuer’s Principal Executive Offices:
113 King St
Armonk, New York 10504
Item 2(a). Name of Person Filing:
Bank of America Corporation
Item 2(b). Address of Principal Business Office or, if None,
Residence:
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
COMMON STOCK
Item 2(e). CUSIP Number: 55262C100
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
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 Exchange Act.
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(b) [ ]
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Bank as defined in Section 3(a)(6) of the Exchange Act.
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(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act.
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(d) [ ]
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Investment company registered under Section 8 of the Investment Company Act.
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(e) [ ]
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f) [ ]
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g) [x]A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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(h) [ ]
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i) [ ]
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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;
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(j) [ ]
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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If this statement is filed pursuant to Rule 13d-1(c), check this box. [x]
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Item 4. Ownership:
With respect to the beneficial ownership of the reporting person, see Items 5 through 11 of the cover pages to this Schedule 13G (p. 2), which are incorporated herein by reference.
Item 5. Ownership of Five 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 five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By the Parent
Holding Company:
This statement on Schedule 13G is being filed by Bank of America
Corporation on behalf of itself and its wholly owned subsidiaries Merrill
Lynch, Pierce, Fenner & Smith Incorporated, Bank of America, N.A.,
Merrill Lynch, Professional Clearing Corporation and Blue Ridge
Investments, L. L.C.
Item 8. Identification and Classification of Members of the
Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not 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.
SIGNATURE
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.
Dated: May 17, 2013
BANK OF AMERICA CORPORATION
By: /s/ Michael Didovic
Michael Didovic
Attorney-In-Fact