BAC-E Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series E

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors, quarterly, in arrears, on February 15, May 15, August 15, and November 15 of each year, beginning February 15, 2007, at a rate per year equal to the greater of (a) three-month LIBOR plus a spread of 0.35%, and (b) 4.00%. Dividends will not be cumulative. We may redeem the Preferred Stock on any dividend payment date on or after November 15, 2011, in whole or in part, at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends.  This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$20.53  +0.19 (0.93%)
As of 03/27/2023 11:23:51 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:  12/28/2006
Outstanding shares:  12,691,000
Average volume:  10,662
Market cap:   $256,738,930
Current dividend yield:  6.26%    calculation
Initial coupon rate:    4.000%
Spread to LIBOR: 0.003500
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/15/2011
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:      B1GH4Y3