Bank of America 6.625% Non Cumulative Preferred Stock

By: ,

Date Issued   9/2/2014

Shares Issued  40,000,000   Over Allotment Shares  6.000,000

S&P Rating   BB+   Moodys Rating   Ba3


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


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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