Bank Of America Declares Preferred Dividends

Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on June 16, 2014 to shareholders of record as of May 30, 2014.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on May 15, 2014 to shareholders of record as of April 30, 2014.

A quarterly cash dividend of $1,022.22222 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on June 16, 2014 to the shareholder of record as of May 30, 2014.

A quarterly cash dividend of $1,022.22222 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on June 16, 2014 to the shareholder of record as of May 30, 2014.

A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on July 1, 2014 to shareholders of record as of June 15, 2014.

A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable on May 15, 2014 to shareholders of record as of April 30, 2014.

A semi-annual cash dividend of $26.00 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, is payable on June 2, 2014 to shareholders of record as of May 15, 2014.

A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on May 28, 2014 to shareholders of record as of May 15, 2014.

A quarterly cash dividend of $0.18542 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on May 28, 2014 to shareholders of record as of May 15, 2014.

A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on May 28, 2014 to shareholders of record as of May 15, 2014.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on May 28, 2014 to shareholders of record as of May 15, 2014.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on May 21, 2014 to shareholders of record as of May 1, 2014.

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 50 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 14 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 more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Visit the Bank of America newsroom for more Bank of America news.

www.bankofamerica.com

Copyright Business Wire 2010

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