Bank of America Floating Rate (4% Min) Non Cumulative Preferred Stock
By: Tim McPartland,
Originally issued by Merrill Lynch
S&P Rating BB+ Moodys Rating NR
Security Ticker Symbol BML-J
Advertisement.
Market Traded ON NYSE
Dividend Payment Paid on the 28th of February, May, August and November beginning on 02/28/2006
Quarterly Dividend .250 Annual Dividend 1.000
Dividends float at the rate of .75% plus 3 month libor or a minimum of 4%.
Securities may be redeemed, at the issuers option, as early as 11/28/2010 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Bank of America
Advertisement.
Below you can find the offering Prospectus and Final Pricing Document
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.
