Bank of America Declares Third Quarter 2023 Preferred Stock Dividends

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Jun 12, 2023, 16:15 ET

CHARLOTTE, N.C., June 12, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Series of Preferred Stock	Dividend per Share or Depositary Share¹	Record Date	Payment Date

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L	$18.125	July 1	July 31
5.875% Non-Cumulative Preferred Stock, Series HH	$0.3671875	July 1	July 24

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM	$21.50	July 1	July 28

4.375% Non-Cumulative Preferred Stock, Series NN	$0.2734375	July 15	August 3

4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	July 15	August 2

4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR	$10.9375000	July 1	July 27

6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT	$15.3125000	July 1	July 27

¹Each series of preferred stock, other than Series L, is represented by depositary shares.
Dividend payments are made on a quarterly basis for each series of preferred stock, other than
Series MM, for which dividends are paid on a semi-annual basis.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters May Contact:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
[email protected]

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
[email protected]

SOURCE Bank of America Corporation