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EX-99.1 - PRESS RELEASE - BANK OF AMERICA CORP /DE/dex991.htm

As filed with the Securities and Exchange Commission on August 29, 2011

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

August 29, 2011

 

 

BANK OF AMERICA CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-6523   56-0906609
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

100 North Tryon Street

Charlotte, North Carolina 28255

(Address of principal executive offices)

(704) 386-5681

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 8.01. OTHER EVENTS.

On August 29, 2011, Bank of America Corporation (the “Registrant”) announced that it has agreed to sell approximately 13.1 billion common shares of China Construction Bank Corporation (CCB) in a private transaction with a group of investors (“the Sale”). The Sale is expected to generate approximately $8.3 billion in cash proceeds and an after-tax gain on sale of approximately $3.3 billion. Following completion of the Sale, the Registrant will hold approximately 5 percent of CCB. The transaction is expected to close in the third quarter of 2011, and is subject to customary closing conditions.

On August 29, 2011, the Registrant issued a press release regarding the Sale. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

(d) Exhibits.

The following exhibits are filed herewith:

 

EXHIBIT
NO.
   DESCRIPTION OF EXHIBIT
99.1    Press Release dated August 29, 2011


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BANK OF AMERICA CORPORATION
By:  

/s/ Craig T. Beazer

  Craig T. Beazer
  Deputy General Counsel

Dated: August 29, 2011


INDEX TO EXHIBITS

 

EXHIBIT
NO.
   DESCRIPTION OF EXHIBIT
99.1    Press Release dated August 29, 2011