BML-L Bank of America ADRs of Floating Rate Non-Cumulative Preferred Series 5

Non-cumulative dividends, payable quarterly in arrears, at a floating rate per annum equal to three-month U.S. dollar LIBOR plus .50%; but such dividends, if declared, will be payable at a rate of not less than 4.00% per annum. For the first dividend period from and including March 20, 2007 to but excluding May 21, 2007, the per annum rate for the initial dividend, if declared, will be equal to 5.85%. Dividends paid February 21, May 21, August 21 and November 21 of each year, beginning May 21, 2007, when, as and if declared by our board of directors in its sole discretion. The Stock is not redeemable prior to May 21, 2012. On and after that date, the Stock will be redeemable at our option, in whole at any time or in part from time to time, upon not less than 30 or more than 60 days notice, at a redemption price equal to $25 per depositary share, plus 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.

$25.74  +0.04 (0.16%)
As of 10/27/2021 14:31:18 EST     IEX book   CBOE book


Security Information
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:  16,880,000
Average volume:  17,253
Market cap:   $430,440,000
Current dividend yield:  4.01%    calculation
Initial coupon rate:    4.000%
Spread to LIBOR: 0.005000
Cumulative:    No
Liquidation value:   $25.00
Callable after:   05/21/2012
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    060505583
ISIN:        US0605055831
Sedol:      B1VN1F6

2021 © Stock Market MBA, Inc. Terms of use | Privacy policy