CORRECTING and REPLACING Bank of America Declares Preferred Dividends

CORRECTION...by Bank of America

CHARLOTTE, N.C.--()--In the tenth paragraph of the release, the quarterly cash dividend amount on the 6.625 percent Non-Cumulative Preferred Stock, Series W, payable on June 9 to shareholders of record as of May 15 should read $0.4140625 (instead of $0.410625).

The corrected release reads:

BANK OF AMERICA DECLARES PREFERRED DIVIDENDS

Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on June 15 to shareholders of record as of May 29.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on May 15, to shareholders of record as of April 30.

A quarterly cash dividend of $1,022.22222 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on June 15 to the shareholder of record as of May 29.

A quarterly cash dividend of $1,022.22222 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on June 15 to the shareholder of record as of May 29.

A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on July 1 to shareholders of record as of June 15.

A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable on May 15 to shareholders of record as of April 30.

A semi-annual cash dividend of $26.00 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, is payable on June 1 to shareholders of record as of May 15.

A semi-annual cash dividend of $25.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series V, is payable on June 17 to shareholders of record as of June 1.

A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series W, is payable on June 9 to shareholders of record as of May 15.

A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on May 28 to shareholders of record as of May 15.

A quarterly cash dividend of $0.18542 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on May 28 to shareholders of record as of May 15.

A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on May 28 to shareholders of record as of May 15.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on May 28 to shareholders of record as of May 15.

A quarterly cash dividend of $0.24722 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on May 21 to shareholders of record as of May 1.

Bank of America

Bank of America is one of the world's largest 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 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in 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 in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Contacts

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:
Jerry Dubrowski, Bank of America, 1.980.388.2840
jerome.f.dubrowski@bankofamerica.com

Contacts

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:
Jerry Dubrowski, Bank of America, 1.980.388.2840
jerome.f.dubrowski@bankofamerica.com