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Merrill Lynch Preferred Capital Trust V operates as a statutory business trust in the United States. The company issues trust securities consisting of 7.28% trust originated preferred securities and trust common securities, representing undivided beneficial ownership interests in the assets of the trust. It also invests the gross proceeds of the trust securities in 7.28% partnership preferred securities issued by Merrill Lynch Preferred Funding V, L.P. The company is based in New York, New York. Merrill Lynch Preferred Capital Trust V operates as a subsidiary of Bank of America Corporation. As of March 30, 2016, Merrill Lynch Preferred Capital Trust V is in liquidation.
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