Bank of America Corporation announced today that it has submitted
redemption notices for its 6.70% Noncumulative Perpetual Preferred
Stock, Series 6 (the Series 6 Preferred Stock), and the corresponding
depositary shares representing fractional interests in the Series 6
Preferred Stock (the Series 6 Depositary Shares), and its 6.25%
Noncumulative Perpetual Preferred Stock, Series 7 (the Series 7
Preferred Stock), and the corresponding depositary shares representing
fractional interests in the Series 7 Preferred Stock (the Series 7
Depositary Shares).
As previously announced on May 21, 2013, the company intends to use the
net proceeds of its offering of Non-Cumulative Perpetual Preferred
Stock, Series U to fund these redemptions.
Sign-up for Bank of America Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 6.70% Noncumulative Perpetual Preferred Stock, Series 6, and Its 6.25% Noncumulative Perpetual Preferred Stock, Series 7 investment picks