On July 24, 2025, Bank of America Corporation announced amendments to its bylaws, specifically related to the issuance of 100,000 shares of Series UU Preferred Stock. These amendments include restrictions on the corporation's ability to declare or pay dividends, make distributions, or repurchase shares of common or parity/junior preferred stock if full dividends on the Series UU Preferred Stock are not declared and paid. Additionally, the amendments set forth the designations, preferences, and rights of the Series UU Preferred Stock, which has a liquidation preference of $25,000 per share.
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