Merrill Lynch Capital Trust I GTD CAP 6.45%

Merrill Lynch Capital Trust I is a statutory trust established to issue capital securities, which represent undivided beneficial interests in Income Capital Obligation Notes (ICONs). These ICONs were issued by Merrill Lynch & Co., Inc., an entity that was subsequently acquired by Bank of America. The trust's primary operation involves holding these junior subordinated debt instruments and passing through the fixed interest payments from the ICONs, at a guaranteed annual rate of 6.45%, to the holders of its capital securities. It functions as a financing vehicle within the broader financial services industry, serving investors seeking income from these types of guaranteed capital securities.

CEO: Brian Thomas Moynihan - http://www.bankofamerica.com