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Bank of America Announces Corrected Dividend Amount on Preferred Stocks

CHARLOTTE, N.C., Sept. 18, 2023 /PRNewswire/ — Bank of America Corporation has made an announcement regarding the corrected dividend amount on the Floating Rate Non-Cumulative Preferred Stock, Series F and the Adjustable Rate Non-Cumulative Preferred Stock, Series G. The initial announcement was made on July 14, 2023. This correction is crucial for shareholders as it clarifies the regular quarterly cash dividend for each stock.

The corrected dividend amount per share of Series F is now $1,521.06667, and for Series G, it stands at $1,521.06667. These two series are held by BAC Capital Trust XIII and BAC Capital Trust XIV, respectively.

The cash dividends were payable on September 15, 2023 to shareholders of record as of August 31, 2023. It is essential for shareholders to be aware of these dates to ensure they receive their entitled dividend.

AI legalese decoder: Simplifying legal Language for Shareholders

Understanding legal terms and financial jargon can be challenging, especially for individual investors. This is where the AI legalese decoder can play a vital role.

The AI legalese decoder is a tool developed by Bank of America Corporation to provide clarity and simplify legal language related to financial matters. By inputting complex legal documents such as dividend announcements, shareholders can receive clear and concise interpretations of the information.

With the AI legalese decoder, shareholders can easily comprehend the corrected dividend amount, dividend payment dates, and other crucial details. This technology bridges the gap between legal terminology and ordinary investors, enabling them to make informed decisions based on accurate and comprehensible information.

About Bank of America

Bank of America is a renowned global financial institution that caters to a wide range of clients, including individual consumers, small and middle-market businesses, and large corporations.

The company offers an extensive array of financial and risk management products and services, such as banking, investing, asset management, and more. With approximately 68 million consumer and small business clients, Bank of America provides unparalleled convenience through its vast network of approximately 3,900 retail financial centers and approximately 15,000 ATMs. Additionally, their award-winning digital banking platform caters to approximately 57 million verified digital users.

Bank of America is a recognized global leader in wealth management, corporate and investment banking, and trading across various asset classes. They serve clients ranging from corporations and governments to institutions and individuals around the world.

The company also places significant emphasis on supporting small businesses and offers innovative and user-friendly online products and services to approximately 4 million small business households.

Bank of America operates not only across the United States and its territories but also in more than 35 countries worldwide. Their stock is listed on the New York Stock Exchange (NYSE: BAC), further emphasizing their prominence in the financial market.

For further information, including dividend announcements and other significant updates, interested individuals can visit the Bank of America newsroom and register for news email alerts.

Visit www.bankofamerica.com for more details.

Contact Information

Investors:

Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters:

Bill Halldin, Bank of America
Phone: 1.916.724.0093
[email protected]

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
[email protected]

SOURCE Bank of America Corporation

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