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Merrill Lynch Preferred Capital Trust III, 7.00% TOPrS Preferred Securities
Ticker Symbol: MER-D     CUSIP: 59021F206     Exchange: NYSE
Security Type:   Trust Preferred Security

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Preferred Capital Trust III, 7% Trust Originated Preferred Securities (TOPRS), liquidation amount $25, guaranteed by Merrill Lynch & Co. Inc. (NYSE: MER) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 3/30/2008 at $25 per share plus accrued and unpaid dividends, with no scheduled maturity, distributions of 7% per annum are paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 6 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 7% Partnership Preferred Securities representing the limited partnership interests of Merrill Lynch Preferred Funding III L.P. which have no scheduled maturity date and 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.00%
$1.75
$25.00
$25.00
3/30/2008
None
Ba1 / BB+
6/26/14
3/30, 6/30, 9/30 & 12/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Goto Parent Company's Record (BAC)

Notes:  Jan. 1, 2009 -- Bank of America Corporation today completed its purchase of Merrill Lynch & Co., Inc. creating a premier financial services franchise with significantly enhanced wealth management, investment banking and international capabilities.

IPO - 1/16/1998 - 30.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Market Value $ 648 Million

Company's Online Information Links
HOME PAGE:     http://www.bankofamerica.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address i_r@bankofamerica.com

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   Jonathan G. Blum 212-449-3112
Toll Free Phone Number 800-299-2265
CEO - Brian T. Moynihan CFO - Bruce R. Thompson

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