The company issued 1,750,000 shares

Davis Polk advised the lead manager, sole bookrunner and representative of the several underwriters in connection with Bank of America Corporation’s $1.75 billion SEC-registered offering of 1,750,000 depositary shares, each representing a 1/25th interest in a share of Bank of America Corporation’s 4.375% fixed-rate reset non-cumulative preferred stock, Series RR.

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael J. Russo and associate Nicollette Farkas. The tax team included partner Po Sit and associate Spencer Pan. All members of the Davis Polk team are based in the New York office.

The Davis Polk tax team also advised Bank of America Corporation in connection with the foregoing offering.