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ITEM 8.01.
Other Events.
On April 30, 2018, Bank of America Corporation (the “Corporation”) issued a news release announcing that it
has submitted redemption notices for eleven series of trust preferred securities, which will result in the redemption of such trust preferred securities, along with the trust common securities (held by the Corporation or its affiliates), on June 6, 2018. The Corporation has received all necessary approvals for these redemptions. Upon the redemption of the trust preferred securities and the extinguishment of the related junior subordinated notes issued by the Corporation, expected to occur in the second quarter of 2018, the Corporation will record a charge to other income and pretax income estimated to be approximately $800 million, subject to certain redemption price calculations at that time.
The news release contains additional information about the securities to be redeemed, including the redemption prices, payment of accrued
and unpaid distributions, trading symbols (if applicable), CUSIP numbers/ISINs, and procedures for redemption. A copy of the news release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
