Bank of America Declares First Quarter 2023 Preferred Stock Dividends

CHARLOTTE, N.C., Dec. 16, 2022 /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:

Series of Preferred Stock	Dividend per Share or Depositary Share¹	Record Date	Payment Date

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L	$18.125	January 1	January 30

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

Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series MM	$21.50	January 1	January 30

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

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

4.375% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series RR	$10.9375000	January 1	January 27

6.125% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series TT	$15.3125000	January 1	January 27

¹Each 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.

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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital 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 America

Phone: 1.980.388.6780

lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)

Phone: 1.212.449.3112

jonathan.blum@bofa.com

Reporters May Contact:

Bill Halldin, Bank of America

Phone: 1.916.724.0093

william.halldin@bofa.com

Christopher P. Feeney, Bank of America

Phone: 1.980.386.6794

christopher.feeney@bofa.com

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SOURCE Bank of America Corporation