Bank of America Announces Dividend Correction on Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U

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Bank of America Corporation has announced a corrected dividend amount on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U. The regular quarterly cash dividend is $22.05700 per depositary share and will be payable on September 1, 2023, to shareholders of record as of August 15, 2023.

CHARLOTTE, N.C., Aug. 7, 2023 /PRNewswire/ -- Bank of America Corporation today announced a corrected dividend amount on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, originally announced on July 14, 2023.  The regular quarterly cash dividend is $22.05700 per depositary share and is payable on September 1, 2023 to shareholders of record as of August 15, 2023.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

www.bankofamerica.com

Investors May Contact:

Lee McEntire, Bank of America
Phone:  1.980.388.6780
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:

Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
christopher.feeney@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the corrected dividend amount announced by Bank of America?

The corrected dividend amount announced by Bank of America is $22.05700 per depositary share.

When will the dividend be payable?

The dividend will be payable on September 1, 2023.

Who are the shareholders eligible to receive the dividend?

Shareholders of record as of August 15, 2023, are eligible to receive the dividend.

Where can I find more news and information about Bank of America?

You can visit the Bank of America newsroom and register for news email alerts for more information.