Bank of America Announces Redemption of All Outstanding Floating Rate Capital Securities of Barnett Capital III
June 26 2015 - 10:34AM
Business Wire
Bank of America Corporation announced today a redemption notice
will be submitted to the property trustee for Barnett Capital III,
which will result in the redemption of all $63,805,000 aggregate
liquidation amount outstanding of the Floating Rate Capital
Securities of Barnett Capital III.
The redemption date for these securities will be July 27, 2015,
and the cash redemption price to be paid on the redemption date
will be $1,000 per capital security plus accrued and unpaid
distributions thereon to the redemption date. Bank of America has
received all necessary approvals for these redemptions.
Bank of AmericaBank of America is one of the world's largest
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
48 million consumer and small business relationships with
approximately 4,800 retail financial centers and approximately
15,900 ATMs and award-winning online banking with 31 million active
users and approximately 17 million mobile users. Bank of America is
among the world's leading wealth management companies and is a
global leader in 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 3 million
small business owners through a suite of innovative, easy-to-use
online products and services. The company serves clients through
operations in all 50 states, the District of Columbia, the U.S.
Virgin Islands, Puerto Rico and more than 35 countries. Bank of
America Corporation stock (NYSE: BAC) is listed on the New York
Stock Exchange.
Forward-looking statementsCertain statements in this news
release represent the current expectations, plans or forecasts of
Bank of America based on available information and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. These statements often use
words like “expects,” “anticipates,” “believes,” “estimates,”
“targets,” “intends,” “plans,” “predict,” “goal” and other similar
expressions or future or conditional verbs such as “will,” “may,”
“might,” “should,” “would” and “could.” Forward-looking statements
speak only as of the date they are made, and Bank of America
undertakes no obligation to update any forward-looking statement to
reflect the impact of circumstances or events that arise after the
date the forward-looking statement was made.
These statements are not guarantees of future results or
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict and are often beyond Bank
of America’s control. Actual outcomes and results may differ
materially from those expressed in, or implied by, any of these
forward-looking statements. You should not place undue reliance on
any forward-looking statement and should consider the uncertainties
and risks discussed under Item 1A. “Risk Factors” of Bank of
America’s Annual Report on Form 10-K for the year ended December
31, 2014 and in any of Bank of America’s other subsequent
Securities and Exchange Commission filings.
Visit the Bank of America newsroom for more Bank of America
news.
www.bankofamerica.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150626005503/en/
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Jonathan G. Blum, Bank of America, (Fixed Income)
1.212.449.3112Reporters May Contact:Jerry Dubrowski, Bank of
America, 1.980.388.2840jerome.f.dubrowski@bankofamerica.com
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2024 to May 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From May 2023 to May 2024