PR Newswire | Dec 16, 2021 04:16PM EST

12/16 15:15 CST

Bank of America Declares Preferred Stock Dividends for First Quarter 2022 CHARLOTTE, N.C., Dec. 16, 2021

CHARLOTTE, N.C., Dec. 16, 2021 /PRNewswire/ -- 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:

Dividend perSeries of Preferred Stock Share Record Payment or Depositary Date Date Share^1

7.25% Non-Cumulative Perpetual Convertible $18.125 January JanuaryPreferred Stock, Series L 1 31

5.875% Non-Cumulative Preferred Stock, Series $0.3671875 January JanuaryHH 1 24

Fixed-to-Floating Rate Non-Cumulative $21.50 January JanuaryPreferred Stock, Series MM 1 28

4.375% Non-Cumulative Preferred Stock, Series $0.2734375 January FebruaryNN 15 3

4.125% Non-Cumulative Preferred Stock, Series $0.2578125 January FebruaryPP 15 2

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 66 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Investors May Contact:Lee McEntire, Bank of AmericaPhone: 1.980.388.6780lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112jonathan.blum@bofa.com

Reporters May Contact:Jerry Dubrowski, Bank of AmericaPhone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)jerome.f.dubrowski@bofa.com

Christopher P. Feeney, Bank of AmericaPhone: 1.980.386.6794christopher.feeney@bofa.com

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 MM, for which dividends are paid on a semi-annual basis.

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SOURCE Bank of America Corporation