Bank of America Floating Rate (4% Min) Non Cumulative Preferred Stock

By: ,

Originaly issued by Merrill Lynch

S&P Rating   BB+   Moodys Rating   NR

Security Ticker Symbol   BML-L

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Market Traded ON   NYSE

Dividend Payment Paid on the 21st of February, May, August and November beginning on 05/21/2007

Quarterly Dividend   .250   Annual Dividend   1.000

Dividends will float at a rate of .50% plus 3 month libor or a minimum of 4%.

Securities may be redeemed, at the issuers option, as early as 05/21/2012 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

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