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Bank of America Floating Rate (3% Min) Non Cumulative Preferred Stock

By: ,

Originally issued by Merrill Lynch

S&P Rating   BB+   Moodys Rating   NR

Security Ticker Symbol   BML-H

Market Traded ON   NYSE

Dividend Payment Paid on the 28th of February, May, August and November beginning on 05/31/2005

Quarterly Dividend   .188   Annual Dividend   .750

Dividends will float at a rate of 3 month libor plus .65% or a minimum of 3%

Securities may be redeemed, at the issuers option, as early as 11/28/2009 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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