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Bank of America Declares Preferred Stock Dividends

Bank of America Corporation today announced the Board of Directors
authorized a regular quarterly cash dividend of $18.125 per share on the
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L.
The dividend is payable on July 30 to shareholders of record as of July
1.

The board authorized a regular quarterly cash dividend of $0.40625 per
depositary share on the 6.50 percent Non-Cumulative Preferred Stock,
Series Y. The dividend is payable on July 27 to shareholders of record
as of July 1.

The board authorized a regular quarterly cash dividend of $0.3875 per
depositary share on the 6.20 percent Non-Cumulative Preferred Stock,
Series CC. The dividend is payable on July 30 to shareholders of record
as of July 1.

The board also authorized a regular quarterly cash dividend of $0.375
per depositary share on the 6.00 percent Non-Cumulative Preferred Stock,
Series EE. The dividend is payable on July 25 to shareholders of record
as of July 1.

Bank of AmericaBank 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 47 million
consumer and small business relationships with approximately 4,400
retail financial centers, approximately 16,000 ATMs, and award-winning
digital banking with approximately 36 million active users, including 25
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
owners 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 (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. Click here
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www.bankofamerica.com

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