BAC-B Bank of America ADRs of 6.000% Non-Cumulative Preferred Series GG

Holders of the Preferred Stock will be entitled to receive, only when, as, and if declared by our board of directors or a duly authorized committee of our board, and to the extent we have funds legally available for the payment of dividends, cash dividends at a rate equal to 6.000% per annum (equivalent to $1.50 per depositary share per annum). When, as, and if declared by our board of directors or a duly authorized committee of our board, we will pay the quarterly dividend payments, in arrears, on February 16, May 16, August 16, and November 16 of each year beginning on August 16, 2018. Dividends on the Preferred Stock will not be cumulative. We may at our option redeem the Preferred Stock at any time on or after May 16, 2023, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any accrued and unpaid dividends for the then-current dividend period to, but excluding, the redemption date, without accumulation of any undeclared dividends.   This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$24.80  +0.24 (0.96%)
As of 03/27/2023 09:57:50 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  05/17/2018
Outstanding shares:  24,173,430
Average volume:  34,156
Market cap:   $618,598,074
Current dividend yield:  5.86%    calculation
Coupon rate:    6.000%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   05/16/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BFZNM46