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Bank of America to redeem series K fixed-to-floating preferreds
New York, June 28 – Bank of America Corp. will redeem its $494,382,000 of series K fixed-to-floating rate non-cumulative preferred stock on July 30, according to a news release.
Holders will receive par of $1,000.
The dividend for holders of record on July 15 will be paid separately on July 30.
Bank of America is a Charlotte, N.C. financial institution.
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