BAC Capital Trust VIII, 6% Capital Securities
By: Tim McPartland,
S&P Rating BB+ Moodys Rating Ba2
Security Ticker Symbol BAC-Z
Advertisement.
Market Traded ON NYSE
Interest Payment Paid on the 25th of February, May, August and November beginning on 11/25/2005
Quarterly Interest .375 Annual Interest 1.50
Securities may be redeemed, at the issuers option, as early as 08/25/2010 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will NOT be a Qualified Distributions — Payment is treated as interest not a dividend.
Maturity Date 08/25/2035
Company Investor Relations Page for Bank of America
Below you can find the offering Prospectus and Final Pricing Document
Advertisement.
Advertisement.
Related Posts:
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
