CHARLOTTE, NC – Bank of America Corporation today announced that the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Q2 2023 Preferred Stock Dividend
Series of preferred stocks Dividend per share or depository share1 Record date Payment date
7.25% Noncumulative Permanent Convertible Stock, Series L $18.125 April 1 May 1
Fixed-to-Floating Rate Noncumulative Preferred Stock, Series Z $32,500 April 1 April 24
5.875% Noncumulative Preferred Stock, Series HH $0.3671875 April 1 April 24
4.375% Noncumulative Preferred Stock, Series NN $0.2734375 April 15 May 3
4.125% Noncumulative Preferred Stock, Series PP $0.2578125 April 15 May 2
4.375% Fixed-Rate Reset Noncumulative Preferred Stock, Series RR $10.9375000 April 1 April 27
6.125% Fixed Rate Reset Noncumulative Preferred Stock, Series TT $15.3125000 April 1 April 27

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, investment, wealth management and other financial and risk management products and services. The company offers unmatched convenience, serving approximately 67 million consumer and small business customers with approximately 16,000 of its approximately 3,900 retail financial centers in the United States. ATM and award-winning digital banking with nearly 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and business across a broad range of asset classes, serving corporations, governments, institutions and individuals worldwide. Bank of America provides industry-leading support to nearly 3 million small business families through a suite of innovative, easy-to-use online products and services. The company serves customers through operations in the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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