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Type: Financial research report disclosure page
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This document is a disclosure page from a BofA Merrill Lynch research report dated November 18, 2016. It details the firm's equity rating system, including investment ratings (Buy, Neutral, Underperform), volatility risks, and income ratings. The page also contains extensive legal and regulatory disclosures about the distribution of research reports by its various global affiliates.

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BofA Merrill Lynch Research Personnel receives compensation based on overall profitability Bank of America Corporation
MLPF&S distributor of research reports in the US non-US affiliates

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