Bank of America To Make Restitution Over Nations F

Sept. 8, 2003 — Bank of America (BAC) said it will make “appropriate restitution” to shareholders who were adversely impacted by late-day trading activities in its Nations Funds mutual-fund unit and reimburse management and advisory fees it received on funds that were subject to market-timing agreements.

These measures are part of a response to allegations made last week by New York Attorney General Elliott Spitzer about market timing and late-day trading activities by certain mutual fund companies.