Bank of America Corp. 7.00% Series B Cumulative Perpetual Preferred Stock (BACRP)
OTOTC · Preferred · CUSIP 060505203
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Security Details

Coupon Rate
7.00%
Liquidation Preference
$100.00
Call Price
—
Call / Redemption Date
—
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
7
Distribution Dates
1/25, 4/25, 7/25 & 10/25
Credit Ratings
Moody's Baa2 · S&P BBB- (3/19/2024)
Tax-Advantaged Dividends
Yes

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
060505203
IPO
6/1/1997
Parent Company
Bank of America Corp. (BAC)
Business: Bank of America Corp. 7.00% Series B Cumulative Perpetual Preferred Stock liquidation preference $100 per share, Not redeemable at the issuer's option, and with no stated maturity. Cumulative distributions of 7.00% per annum ($7.00 per annum or $1.75 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date).
Notes: No Prospectus found, limited information from the Bank of America's 10K filing dated 02/24/2021.

Company Contact

CEO
Brian T. Moynihan
CFO
Alastair Borthwick
Headquarters
Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255
Phone
704-386-5681 · Toll-Free 800-299-2265
Fax
980-386-6699
Investor Relations
Jonathan G. Blum · 212-449-3112 · i_r@bankofamerica.com
SEC EDGAR Filings
View filings »