BAC-O Bank of America ADRs of 4.375% Non-Cumulative Preferred, Series NN

Holders of the Preferred Stock will be entitled to receive, only when, as, and if declared by our board of directors or a duly authorized committee thereof, and to the extent we have funds legally available for the payment of dividends, non-cumulative cash dividends, payable in arrears at a fixed rate equal to 4.375% per annum (equivalent to $1.09375 per depositary share per annum). When, as, and if declared by our board of directors or a duly authorized committee thereof, we will make quarterly dividend payments, in arrears, on February 3, May 3, August 3, and November 3 of each year beginning on February 3, 2021. We may at our option, as described herein, redeem the Preferred Stock at any time on or after November 3, 2025, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any accrued and unpaid dividends for the then-current dividend period to, but excluding, the redemption date, without accumulation of any undeclared dividends  This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$19.39  +0.30 (1.57%)
As of 07/01/2022 15:40:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  11/03/2020
Outstanding shares:  44,000,000
Average volume:  105,273
Market cap:   $853,160,000
Current dividend yield:  5.64%    calculation
Coupon rate:    4.375%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/03/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BMVXBP3

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