Bank of America issues 100,000 shares of 6.250% Series UU Preferred Stock, raising $2.5B via depositary shares

BANK OF AMERICA CORP /DE/

Issued 100,000 shares of 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU, liquidation preference $25,000 per share.
Sold 2,500,000 Depositary Shares (each representing 1/25th interest) for total proceeds of $2.5 billion.
Certificate of Designations restricts dividends on common and junior/parity preferred if Series UU dividends are not fully paid.
Offering closed July 24, 2025; underwriting agreement dated July 21, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BANK OF AMERICA CORP /DE/: Filed Certificate of Designations to establish terms of Series UU Preferred Stock (effective 2025-07-24).

Change: charter amendment
Effective: 2025-07-24

Exact text from the filing

On July 24, 2025, the Corporation filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to amend its Restated Certificate of Incorporation.

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13 governance changes filed in the last 30 days. Browse all governance changes →

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-25-164439

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