Bank of America to Fully Redeem Series DD Preferred Stock and Depositary Shares on March 10, 2026

Reuters05:17

Bank of America to Fully Redeem Series DD Preferred Stock and Depositary Shares on March 10, 2026

Bank of America Corporation has announced that it will fully redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD, and the related depositary shares, each representing a 1/25th interest in a share of the preferred stock. The redemption will occur on March 10, 2026, at a price of $1,000 per depositary share. Holders of record as of February 15, 2026, will also receive declared dividends of $31.50 per depositary share for the current semi-annual period, to be paid separately on the redemption date. After March 10, 2026, dividends on the redeemed depositary shares will cease to accrue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY81041) on February 05, 2026, and is solely responsible for the information contained therein.

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ID: NY81041) on February 05, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0256863811.USD","symbol_name":"ALLIANZ US EQUITY \"A\" INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260205:nNDL1CtXqq:1","article_id":"2609582505","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609582505","pubTimestamp":1770326279,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Bank of America Corporation has announced that it will fully redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD, and the related depositary shares, each representing a 1/25th interest in a share of the preferred stock. 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