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Bank of America Announces Full Redemption of Its Series DD Preferred Stock and Related Depositary Shares
Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD (CUSIP No. 060505EV2), liquidation preference $25,000 per share (the "Preferred Stock"), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EU4) (the "Depositary Shares").
About this update from Bank Of America Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Feb. 5, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD (CUSIP No. 060505EV2), liquidation preference $25,000 per share (the "Preferred Stock"), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EU4) (the "Depositary Shares").","length":472,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vBL7vueTUitsFOJUBxvDrQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Depositary Shares will be redeemed simultaneously with the Preferred Stock on the upcoming dividend payment date on March 10, 2026 (the "Redemption Date"), at a redemption price of $1,000 per depositary share. Declared dividends of $31.50 per depositary share in respect of the outstanding Depositary Shares for the full current semi-annual dividend period from, and including, September 10, 2025 to, but excluding, March 10, 2026 will be paid separately on March 10, 2026, to holders of record on February 15, 2026, in the customary manner. Accordingly, the redemption price of $1,000 per depositary share does not include any accrued and unpaid dividends. Dividends on the redeemed Depositary Shares will cease to accrue on the Redemption Date.","length":760,"tagName":"p"},{"type":"text","content":"The Depositary Shares are held through The Depository Trust Company ("DTC") and will be redeemed in accordance with the applicable procedures of DTC.","length":159,"tagName":"p"},{"type":"text","content":"Payment to DTC for the Depositary Shares will be made by Computershare Inc. and Computershare Trust Company, N.A., collectively, as r...