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7. The following information was gathered from Bank of America's website for its preferred stock. The specific details on the Series E shares are available
7. The following information was gathered from Bank of America's website for its preferred stock. The specific details on the Series E shares are available using this link: BOA Link (page of interest include page 1, 4-6, 13-14): NAME Series B Series 3 CUSIP TICKER 060505203 060505815 BAC PYE na ISSUE DATE Jun 1997 Nov 2006 MATURITY DATE Perpetual Perpetual PER ANNUM DIVIDEND RATE 7.000% Greater of 3-month LIBOR 35 bps or 4% DIVIDEND PAYMENT DATES Jan 25, Apr 25, Jul 25, Oct 25 Feb 15, May 15, Aug 15, Nov 15 DIVIDEND TYPE Cumulative Non-cumulathe Explain the difference in the dividend type between the Series B and E shares. How often do the preferred shares get paid dividends and when are the dividends expected to stop, if ever? CALLABLE ON OR AFTER G Explain the difference in the dividend rate between the Series B and E shares. Non-callable 11/15/2011 According to the documentation, what are the voting rights for the Series E shares and when might those rights change (see pages 13 and 14)
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