Bank of America 6.625% Non Cumulative Preferred Stock
By: Tim McPartland,
Date Issued 9/2/2014
Shares Issued 40,000,000 Over Allotment Shares 6.000,000
S&P Rating BB+ Moodys Rating Ba3
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Security Ticker Symbol BAC-W OTC Temp Ticker BMMPP
Market Traded ON NYSE
Dividend Payment Paid on the 9th of March, June, September and December beginning on 12/09/2014
Quarterly Dividend .414 Annual Dividend 1.656
Securities may be redeemed, at the issuers option, as early as 9/09/2019 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Bank of America
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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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.
