Major owner of Bank of America Corporation just picked up 1,109 shares

Of America Bank, a major owner of Bank of America Corporation, recently acquired 1,109 shares of the company. The buys took place at $0.00 per share, on October 18, 2019. Bank now owns 2,272 shares of the company. Bank operates out of Charlotte, NC. Some additional info was provided as follows:

The 1,163 auction rate preferred shares (the "ARPS Shares") shown reported as disposed of in Table I represent ARPS Shares of the Issuer that were beneficially owned in part by Bank of America, N.A. ("BANA") and in part by Blue Ridge Investments, L.L.C. ("Blue Ridge"). The ARPS Shares were sold to the Issuer as a result of a tender offer made by the Issuer for an aggregate tender price of $28,785,890.95 (which included a payment equal to $24,750 per share (representing 99% per cent of the $25,000 liquidation preference per share) and accrued dividends of $1,640.95). The 2,272 variable rate municipal term preferred shares (the "VMTP Shares") reported as acquired in Table I represent VMTP Shares of which 1,809 VMTP Shares are beneficially owned by Banc of America Preferred Funding Corporation ("PFC") and 463 VMTP Shares are beneficially owned by Blue Ridge. The VMTP Shares were acquired from the Issuer at a price of $50,000 per share. BANA, PFC, and Blue Ridge are each a wholly owned subs This statement is jointly filed by BAC, PFC and Blue Ridge. BAC holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiaries PFC and Blue Ridge. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Bank of America Corporation makes a similar move, sign up!

Other recent filings from the company include the following:

Prospectus [Rule 424(b)(2)] - Dec. 10, 2019
Prospectus [Rule 424(b)(2)] - Dec. 10, 2019
Prospectus [Rule 424(b)(2)] - Dec. 10, 2019
Prospectus [Rule 424(b)(2)] - Dec. 10, 2019
Prospectus [Rule 424(b)(2)] - Dec. 10, 2019

Auto Refresh

Feedback