CALABASAS, Calif., June 13 /PRNewswire-FirstCall/ -- Countrywide
Financial Corporation (NYSE: CFC) announced today that Glass Lewis & Co., a
leading independent proxy advisory firm, recommends that Countrywide
stockholders vote FOR the company's proposed merger agreement with Bank of
America (NYSE: BAC) at its special stockholder meeting on June 25, 2008.
Glass Lewis joins ISS/RiskMetrics Group in its recommendation FOR the
proposed merger.
The voting analyses and recommendations of Glass Lewis and
ISS/RiskMetrics Group are relied upon by institutional investment funds,
mutual funds and fiduciaries throughout the country.
Stockholders with questions or who need assistance voting their shares
may call Countrywide's proxy solicitor, Innisfree M&A Incorporated,
toll-free at (877) 750-9499.
About Countrywide
Founded in 1969, Countrywide Financial Corporation is a diversified
financial services provider and a member of the S&P 500, Forbes 2000 and
Fortune 500. Through its family of companies, Countrywide originates,
purchases, securitizes, sells, and services residential and commercial
loans; provides loan closing services such as credit reports, appraisals
and flood determinations; offers banking services which include depository
and home loan products; conducts fixed income securities underwriting and
trading activities; provides property, life and casualty insurance; and
manages a captive mortgage reinsurance company. For more information about
the Company, visit Countrywide's website at http://www.countrywide.com.
Additional Information About this Transaction
In connection with the proposed merger, Bank of America has filed with
the SEC a Registration Statement on Form S-4 that includes a proxy
statement of Countrywide that also constitutes a prospectus of Bank of
America. Countrywide has mailed the proxy statement/prospectus to its
stockholders. Bank of America and Countrywide urge investors and security
holders to read the proxy statement/prospectus regarding the proposed
merger because it contains important information. You may obtain copies of
all documents filed with the SEC regarding this transaction, free of
charge, at the SEC's website (http://www.sec.gov). You may also obtain
these documents, free of charge, from Bank of America's website
(http://www.bankofamerica.com) under the tab "About Bank of America" and
then under the heading "Investor Relations" and then under the item "SEC
Filings". You may also obtain these documents, free of charge, from
Countrywide's website (http://www.countrywide.com) under the tab "Investor
Relations" and then under the heading "SEC & other filings."
Bank of America, Countrywide and their respective directors, executive
officers and certain other members of management and employees may be
soliciting proxies from Countrywide stockholders in favor of the merger.
Information regarding the persons who may, under the rules of the SEC, be
considered participants in the solicitation of the Countrywide stockholders
in connection with the proposed merger is set forth in the proxy
statement/prospectus filed with the SEC. You can find information about
Bank of America's executive officers and directors in its definitive proxy
statement filed with the SEC on March 19, 2008. You can find information
about Countrywide's executive officers and directors in Amendment No. 1 to
its Annual Report on Form 10-K/A filed with the SEC on April 24, 2008. You
can obtain free copies of these documents from Bank of America and
Countrywide using the contact information above.
SOURCE Countrywide Financial Corporation
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Related links:
http://www.countrywide.com
CONTACT:
investors, David Bigelow or Lisa Riordan,
+1-818-225-3550, or media, 1-800-796-8448, all of Countrywide
Financial Corporation
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