Bank of America Corp 5.375% Non-Cumulative Preferred Stock, Series KK
By: Tim McPartland,
Date Issued 6/18/2019
Shares Issued 53,000,000 Overallotment Shares None
Security Ticker Symbol BAC-M OTC Temp Ticker BAMKL
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Market Traded ON NYSE
Dividend Payment Paid on the 25th of March, June, September and December beginning on 9/25/2019
Quarterly Dividend .336 Annual Dividend 1.344
Securities may be redeemed, at the issuers option, as early as 6/25/2024 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
Click here to find the offering Prospectus and Final Pricing Document
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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.
