Bank of America files shelf to offer up to $123 billion in debt and equity securities over time

Bank of America Corp. BAC, -0.43% filed a shelf registration Monday with the Securities and Exchange Commission to allow it to issue up to $123 billion in debt securities, warrants, preferred stock and equity securities over time. Proceeds of any offerings will be used for working capital, to fund investments in or credit to subsidiaries, to repay debt, to invest in other businesses and for general corporate purposes. Shares were down 0.2% but have gained 26% in the year to date, while the S&P 500 SPX, +0.02% has gained 17%.

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