Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

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Series of Preferred Stock Dividend per Share Record Date Payment Date or Depositary Share1 7.25% Non-Cumulative $18.125 April 1 April 30 Perpetual Convertible Preferred Stock, Series L Fixed-to-Floating Rate Non- $32.500 April 1 April 23 Cumulative Preferred Stock, Series Z 5.875% Non-Cumulative $0.3671875 April 1 April 24 Preferred Stock, Series HH 4.375% Non-Cumulative $0.2734375 April 15 May 3 Preferred Stock, Series NN 4.125% Non-Cumulative $0.2578125 April 15 May 2 Preferred Stock, Series PP 4.375% Fixed-Rate Reset Non- $10.9375000 April 1 April 29 Cumulative Preferred Stock, Series RR 6.125% Fixed-Rate Reset Non- $15.3125000 April 1 April 29 Cumulative Preferred Stock, Series TT

1 Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other thanSeriesZ, for which dividends are paid on a semi-annual basis.

Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom. Click here to register for news email alerts.

www.bankofamerica.com

Investors May Contact:

Lee McEntire, Bank of AmericaPhone: 1.980.388.6780lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112jonathan.blum@bofa.com

Reporters May Contact:

Bill Halldin, Bank of AmericaPhone: 1.916.724.0093william.halldin@bofa.com

Christopher P. Feeney, Bank of AmericaPhone: 1.980.386.6794christopher.feeney@bofa.com

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SOURCE Bank of America Corporation

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