Bank of America Corporation 6% Preferred Stock Series EE

By: ,

THESE SHARES ARE NON CUMULATIVE IN RESPECT TO DIVIDENDS 

Date Issued  4/18/2016

Shares Issued 36,000,000   Overallotment Shares  None

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S&P Rating   BB+   Moodys Rating   Ba2

Security Ticker Symbol   BAC-A

Market Traded ON   NYSE    OTC Temp Ticker

Dividend Payment Paid on the 25th of January, April, July and October beginning on 07/25/2016

Quarterly Dividend   .414   Annual Dividend   1.658

Securities may be redeemed, at the issuers option, as early as 4/25/2021  for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

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Company Investor Relations Page for Bank of America

Below you can find the offering Prospectus and Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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