BML-G Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 1

Dividends on the Series 1 Preferred Stock, if declared, will be payable quarterly, in arrears, on February 28, May 28, August 28 and November 28 of each year, beginning February 28, 2005, at a floating rate per annum equal to three-month U.S. dollar LIBOR plus 0.75%; but such dividends, if declared, will be payable at a rate of not less than 3.00% per annum. Dividends will not be cumulative. The Series 1 Preferred Stock is not redeemable prior to November 28, 2009. On and after that date, the Series 1 Preferred Stock will be redeemable at our option, in whole at any time or in part from time to time, at a redemption price equal to $25 per depositary share, plus declared and unpaid dividends.   This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$19.80  -0.31 (-1.56%)
As of 03/24/2023 16:00:00 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:  02/11/2013
Outstanding shares:  3,920,000
Average volume:  4,084
Market cap:   $71,540,000
Current dividend yield:  7.52%    calculation
Initial coupon rate:    0.000%
Spread to LIBOR: 0.007500
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/28/2009
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: