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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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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