Bank of America Corporation 6.20% Non-Cumulative Preferred Stock Series CC
By: Tim McPartland,
Date Issued 1/25/2016
Shares Issued 40,000,000 Overallotment Shares None
S&P Rating BB+ Moodys Rating Ba1
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Security Ticker Symbol BAC-C Temporary OTC Ticker BKRRP
Market Traded ON NYSE
Dividend Payment Paid on the 29th of January, April, July and October beginning on 04/29/2016
Quarterly Dividend .388 Annual Dividend 1.55
Securities may be redeemed, at the issuers option, as early as 1/29/2021 for a redemption price of $25/share plus accrued dividends
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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
Tim McPartland
Connect with 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.
