|
|
|
Bank of America Corp | 7.12% Trust Originated Preferred Securities (MER.PRE)
This preferred is marked as having been called.
Prospectus excerpt: The 7.12% Trust Originated Preferred SecuritiesSM (the "TOPrS/SM/" or "Trust Preferred Securities") offered hereby represent preferred undivided beneficial ownership interests in the assets of Merrill Lynch Preferred Capital Trust IV, a statutory business trust formed under the laws of the State of Delaware (the "Trust"). Merrill Lynch & Co., Inc., a Delaware corporation (the "Company" or "Merrill Lynch"), will own all the common securities (the "Trust Common Securities" and, together with the Trust Preferred Securities, the "Trust Securities") representing undivided beneficial ownership interests in the assets of the Trust. The Trust exists for the sole purpose of issuing the Trust Securities and investing the proceeds as described below and engaging in activities incident thereto. The proceeds from the sale of the Trust Securities will be used by the Trust to purchase Partnership Preferred Securities ("Partnership Preferred Securities"), representing the limited partner interests of Merrill Lynch Preferred Funding IV, L.P., a Delaware limited partnership (the "Partnership"). The general partner interest, which constitutes all of the interest in the Partnership other than the limited partner interests represented by the Partnership Preferred Securities, is owned by the Company, which is the sole general partner of the Partnership (in such capacity, the "General Partner"). Substantially all of the proceeds from the sale of the Partnership Preferred Securities, together with the capital contribution from the General Partner, will be used by the Partnership to purchase Debentures (as defined herein), which consist of debt instruments of the Company and one or more of its eligible controlled affiliates. In addition, approximately one percent of the proceeds from the sale of the Partnership Preferred Securities and the capital contribution from the General Partner will be used to purchase Eligible Debt Securities (as defined herein). See "Description of the Partnership Preferred Securities -- Partnership Investments". Full Prospectus PDF », Secondary Prospectus PDF », BAC Page »
Alternate symbology: | MER-E, MER-PE, MERprE | Redeemable?: | Yes | Call Date: | 6/30/2008 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 16,000,000 | Liquidation Preference: | $25.00 | Original Coupon: | 7.12% | Pay Period: | Quarterly | Pay Dates: | 30-Mar, 30-Jun, 30-Sep, 30-Dec | CDx3 Compliance Rating: |
Learn MER.PRE's Rating
|
|
Bank of America is a bank holding company. Through its subsidiaries, Co. provides banking, investing, asset management and other financial and risk management products and services. Co.'s segments are: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth and Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which includes lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which provides sales and trading services and research services; and All Other, which includes asset and liability management activities. Preferreds: BACRP, MER.PRD, MER.PRE, MER.PRF, BAC.PRV, BAC.PRX, CFC.PRA, BAC.PRU, IPB, BML.PRN, BML.PRG, BML.PRH, BML.PRO, BAC.PRZ, BML.PRI, BML.PRJ, BAC.PRD, BAC.PRE, CFC.PRB, MER.PRK, BML.PRL, MER.PRM, MER.PRP, BAC.PRI, BAC.PRJ, BAC.PRL, BML.PRQ, BAC.PRH, BAC.PRW, BAC.PRY, BAC.PRC, BAC.PRA, BAC.PRB, BAC.PRK, BAC.PRM, BAC.PRN, BAC.PRO, BAC.PRP, BAC.PRQ, BAC.PRS Open the BAC Information Page »
|
Name: |
Bank of America Corp |
Website: |
www.bankofamerica.com |
Sector: |
Banking & Savings |
Number of ETFs Holding BAC: |
116 (see which ones) |
Total Market Value Held by ETFs: |
$32,526,912,889.68 |
Total Market Capitalization: |
$303,254,000,000 |
% of Market Cap. Held by ETFs: |
10.73% |
|
|
|
|
|