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Fleet Capital Trust VII, 7.20% Capital Securities
Ticker Symbol: FBF-L* CUSIP: 33889V207 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/29/2006
Security has been Called for: Friday, September 29, 2006
Aug. 29, 2006 -- Bank of America Corporation, as successor to Fleet Boston Financial Corporation, announced the redemption of its 7.20 percent Trust Originated Capital Securities issued by Fleet Capital VII. The redemption date will be September 29, 2006 with a redemption price of $25 per security plus accrued and unpaid distributions, if any, up to but excluding the redemption date of September 29, 2006. Holders of the securities will receive official notice of the redemption by mail. The paying agent for the redemption is The Bank of New York. For more information, holders of the securities may contact The Bank of New York at 1-800-254-2826 or write to The Bank of New York, P.O. Box 11265, Church Street Station, New York, NY 10286 (Attn: Fiscal Agency Department).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Fleet Capital Trust VII, 7.20% Capital Securities, liquidation amount $25 per share, guaranteed by FleetBoston Financial Corp. (NYSE: FBF), redeemable at the issuer's option on or after 9/17/2006 at $25 per share plus accrued and unpaid dividends, maturing 12/15/2031 which may be extended to 12/15/2050, distributions of 7.20% ($1.80) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 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 7.20% Junior Subordinated Deferrable Interest Debentures due 12/15/2031 which may be extended to 12/15/2050, 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. FleetBoston Financial Corp. was acquired by Bank of America (NYSE: BAC) on April 1, 2004.
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Go to Parent Company's Record (BAC)
IPO - 9/17/2001 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $499.0 Million
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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 Federal Street, Boston, MA 02110 |
| Main Phone Number |
617-434-2200 |
| Fax Number |
617-434-6943 |
| Investor Contact
John A. Kahwaty
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617-434-3650
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Toll Free Phone Number |
Unknown |
| CEO - Terrence Murray |
CFO - Eugene M. McQuade |
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