Bank of America Announces Redemption of All Outstanding Floating Rate Capital Securities of Barnett Capital III
OREANDA-NEWS. June 30, 2015. 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 America
Bank 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.
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