Ex-Div Reminder for Bank of America Corp.'s Trust Preferred Securities

On 12/11/13, Bank of America Corp.'s Trust Preferred Securities (NYSE: MER.PRK) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 12/16/13. As a percentage of MER.PRK's recent share price of $25.10, this dividend works out to approximately 1.61%, so look for shares of MER.PRK to trade 1.61% lower -- all else being equal -- when MER.PRK shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 6.42%, which compares to an average yield ...