FleetBoston declares dividend

The Board of Directors of FleetBoston Financial has declared a regular quarterly dividend of $.843750 per depositary share on the corporation’s Series VI 6.75 % Perpetual Preferred Stock (FBF PrG).

The preferred stock dividend is payable on July 15, 2002 to stockholders of record on July 1, 2002.

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FleetBoston Financial is the seventh-largest financial holding company in the United States.

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