March 13, 2023 at 4:15 PM Eastern

Bank of America Declares Second Quarter 2023 Preferred Stock Dividends

CHARLOTTE, North Carolina ‒ Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

second quarter 2023 Preferred stock dividends
Series of Preferred Stock Dividend per Share or Depositary Share[1] Record Date Payment Date
seven point two five percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L eighteen dollars point one two five April 1 May 1
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z thirty two dollars point five zero zero April 1 April 24
five point eight seven five percent Non-Cumulative Preferred Stock, Series H H zero dollars point three six seven one eight seven five April 1 April 24
four point three seven five percent Non-Cumulative Preferred Stock, Series N N zero dollars point two seven three four three seven five April 15 May 3
four point one two five percent Non-Cumulative Preferred Stock, Series P P zero dollars point two five seven eight one two five April 15 May 2
four point three seven five percent Fixed-Rate Reset Non-Cumulative Preferred Stock, Series R R ten dollars point nine three seven five zero zero zero April 1 April 27
six point one two five percent Fixed-Rate Reset Non-Cumulative Preferred Stock, Series T T fifteen dollars point three one two five zero zero zero April 1 April 27

Bank of America

Bank of America is one of the world’s leading 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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, 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 households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E B A C).

Investors may contact

Lee McEntire, Bank of America
Phone 1 9 8 0 3 8 8 6 7 8 0
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone 1 2 1 2 4 4 9 3 1 1 2
jonathan.blum@bofa.com

Reporters may contact

Jocelyn Seidenfeld, Bank of America
Phone 1 6 4 6 7 4 3 3 3 5 6
jocelyn.seidenfeld@bofa.com

Footnotes

[1] Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, for which dividends are paid on a semi-annual basis.

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March 13, 2023 at 4:15 PM Eastern

Bank of America Declares Second Quarter 2023 Preferred Stock Dividends

CHARLOTTE, North Carolina ‒ Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

second quarter 2023 Preferred stock dividends
Series of Preferred Stock Dividend per Share or Depositary Share[1] Record Date Payment Date
seven point two five percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L eighteen dollars point one two five April 1 May 1
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z thirty two dollars point five zero zero April 1 April 24
five point eight seven five percent Non-Cumulative Preferred Stock, Series H H zero dollars point three six seven one eight seven five April 1 April 24
four point three seven five percent Non-Cumulative Preferred Stock, Series N N zero dollars point two seven three four three seven five April 15 May 3
four point one two five percent Non-Cumulative Preferred Stock, Series P P zero dollars point two five seven eight one two five April 15 May 2
four point three seven five percent Fixed-Rate Reset Non-Cumulative Preferred Stock, Series R R ten dollars point nine three seven five zero zero zero April 1 April 27
six point one two five percent Fixed-Rate Reset Non-Cumulative Preferred Stock, Series T T fifteen dollars point three one two five zero zero zero April 1 April 27

Bank of America

Bank of America is one of the world’s leading 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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, 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 households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E B A C).

Investors may contact

Lee McEntire, Bank of America
Phone 1 9 8 0 3 8 8 6 7 8 0
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone 1 2 1 2 4 4 9 3 1 1 2
jonathan.blum@bofa.com

Reporters may contact

Jocelyn Seidenfeld, Bank of America
Phone 1 6 4 6 7 4 3 3 3 5 6
jocelyn.seidenfeld@bofa.com

Footnotes

[1] Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, for which dividends are paid on a semi-annual basis.

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