BANK OF AMERICA

Investor Relations

Bank of America Declares Preferred Stock Dividends

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Sep. 18, 2018-- 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 October 1 October 30
6.500% Non-Cumulative Preferred Stock, Series Y $0.40625 October 1 October 29
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z $32.50 October 1 October 23
6.200% Non-Cumulative Preferred Stock, Series CC $0.3875 October 1 October 29
6.000% Non-Cumulative Preferred Stock, Series EE $0.375 October 1 October 25
5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 24

1 Each 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 Z, 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 67 million consumer and small business clients with approximately 4,400 retail financial centers, including more than 1,700 lending centers, more than 1,900 Merrill Edge investment centers and more than 1,300 business centers; approximately 16,100 ATMs; and award-winning digital banking with more than 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.

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www.bankofamerica.com

Source: Bank of America

Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112

Reporters May Contact:
Lawrence Grayson, Bank of America, 1.704.995.5825
lawrence.grayson@bankofamerica.com