Bank of America Corporation has announced that it will fully redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD, and the related depositary shares, each representing a 1/25th interest in a share of the preferred stock. The redemption will occur on March 10, 2026, at a price of $1,000 per depositary share. Holders of record as of February 15, 2026, will also receive declared dividends of $31.50 per depositary share for the current semi-annual period, to be paid separately on the redemption date. After March 10, 2026, dividends on the redeemed depositary shares will cease to accrue.

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