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BAC Capital Trust IV, 5 7/8% Capital Securities
Ticker Symbol: BAC-U* CUSIP: 055185201 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/05/2012
Security has been Called for: Monday, November 5, 2012
Oct 4, 2012 -- Bank of America Corporation announced that it will submit redemption notices to the property trustee for each trust listed in the table below, which will result in the redemption of all of the trust preferred securities of each such trust. The redemption date for the Floating Rate Preferred Securities issued by Progress Capital Trust III is November 15, 2012. The redemption date for all other trust preferred securities in the table below is November 5, 2012. The trust preferred securities will be redeemed at the applicable redemption price (as a percentage of the liquidation amount) listed in the table below, plus accrued and unpaid distributions on the trust preferred securities to the redemption date also listed in the table below.
CUSIP No.
Trust Title of Security
NYSE
Ticker
Symbol
Aggregate Liquidation
Amount Outstanding
Redemption Price
Accrued and
Unpaid
Distributions
per Security
Trustee/Paying Agent
055187207 BAC Capital Trust I 7% Capital Securities BAC PrW $574,438,900
($25 per Security) 100% $0.243056
The Bank of New York
Mellon Trust Company, N.A.
055188205 BAC Capital Trust II 7% Capital Securities BAC PrV $897,875,000
($25 per Security) 100% $0.019444
The Bank of New York
Mellon Trust Company, N.A.
05518E202 BAC Capital Trust III 7% Capital Securities BAC PrX $499,500,000
($25 per Security) 100% $0.388889
The Bank of New York
Mellon Trust Company, N.A.
055185201 BAC Capital Trust IV
5 7/8% Capital
Securities
BAC PrU $352,525,000
($25 per Security) 100% $0.016319
The Bank of New York
Mellon Trust Company, N.A.
055184204 BAC Capital Trust V 6% Capital Securities BAC PrY $496,825,000
($25 per Security) 100% $0.008333
The Bank of New York
Mellon Trust Company, N.A.
05633T209 BAC Capital Trust XII
6 7/8% Capital
Securities
BAC PrC $862,500,000
($25 per Security) 100% $0.014323
The Bank of New York
Mellon Trust Company, N.A.
065912AA5
BankAmerica
Institutional Capital B
7.7% Capital
Securities, Series B
— $300,000,000
($1,000 per Security) 101.8893% $26.736111
Deutsche Bank Trust
Company Americas
628958AB6 NB Capital Trust II
7.83% Capital
Securities
— $289,119,000
($1,000 per Security) 101.958% $30.450000
The Bank of New York
Mellon Trust Company, N.A.
74326WAA9 Progress Capital Trust III
Floating Rate Preferred
Securities
$10,000,000
($1,000 per Security) 100% (1)
The Bank of New York
Mellon Trust Company, N.A.
__________
(1) Accrued quarterly distributions of $9.46125 per security will be paid on November 15, 2012 to holders of record on October 31, 2012 in the customary manner.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: BAC Capital Trust IV, 5 7/8% Capital Securities, liquidation amount $25 per share, guaranteed by Bank of America Corp. (NYSE: BAC), redeemable at the issuer's option on or after 5/01/2008 at $25 per share plus accrued and unpaid dividends, maturing 5/03/2033 which may be extended to 5/03/2052, distributions of 5 7/8% ($1.46875) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 5 7/8% Junior Subordinated Deferrable Interest Notes due 5/03/2033 which may be extended to 5/03/2052, which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 4/24/2003 - 14.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $350.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 100 North Tryon Street, Charlotte, NC 28255 |
Main Phone Number |
704-386-5681 |
Fax Number |
980-386-6699 |
Investor Relations
Kevin Stitt
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980-386-5667
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Toll Free Phone Number |
800-299-2265 |
CEO - Brian T. Moynihan |
CFO - Charles H. Noski |
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