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Bank of America Exercises Its Fed-Given Rights

By John Maxfield - Apr 5, 2013 at 10:15AM

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Bank of America recently announced that it's redeeming $5.5 billion in preferred shares. Here are three reasons the bank's investors should case about this otherwise boring announcement.

Earlier this week, Bank of America (BAC 3.39%) announced that it's redeeming roughly $5.5 billion in preferred shares from investors. Boring, right? Not if you're a shareholder in the nation's second largest bank. In the video below, Motley Fool contributor John Maxfield gives three reasons investors should care about this.

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