Bank of America Issues Reminder Regarding Expiration of Warrants
October 16 2018 - 8:00AM
Business Wire
Bank of America Corporation today reminded holders of warrants
issued October 28, 2008 to purchase shares of the Company’s common
stock (CUSIP No. 060505 15 3) (the “Warrants”), that the Warrants
will expire on Monday, October 29, 2018.
The Warrants were originally issued to the United States
Department of the Treasury on October 28, 2008, and were offered to
the public on March 9, 2010. The Warrants trade on the New York
Stock Exchange (“NYSE”) under the symbol BAC WS B. The NYSE has
notified the Company that it will suspend trading in the Warrants
after the close of trading on October 24, 2018 so that trades can
be settled by October 29, 2018.
As of September 30, 2018, there were 121,584,090 Warrants
outstanding. Each Warrant represents the right to purchase one
share of the Company’s common stock at an exercise price of $30.79
per share.
A holder of Warrants can obtain further information on
exercising the Warrants by contacting their broker. Brokers are
encouraged to contact Computershare, the Company’s warrant agent,
or The Depository Trust & Clearing Corporation in advance of
the expiration date to confirm procedures for exercising Warrants
and payment of the exercise price.
Any Warrants not exercised prior to the expiration time on
October 29, 2018 will expire and be canceled, and the holder will
not receive any shares of the Company’s common stock for its
unexercised Warrants.
Bank of AmericaBank 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, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
67 million consumer and small business clients with approximately
4,400 retail financial centers, approximately 16,100 ATMs, and
award-winning digital banking with more than 36 million active
users, including nearly 26 million mobile users. Bank of America is
a global leader in wealth management, 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 across the United States, its
territories and more than 35 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20181016005595/en/
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Jonathan G. Blum, Bank of America (Fixed Income),
1.212.449.3112Reporters May Contact:Lawrence Grayson, Bank of
America, 1.704.995.5825lawrence.grayson@bankofamerica.com
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