Item 4.01 Changes in Registrants' Certifying Accountant.
On April 15, 2009, the Audit Committee of the board of directors of Bank of
America Corporation ("Bank of America"), the ultimate parent corporation of each
of Merrill Lynch Preferred Capital Trust IV (the "Trust") and Merrill Lynch
Preferred Funding IV, L.P. (the "Partnership" and, together with the Trust, the
"Registrants"), approved the engagement of PricewaterhouseCoopers LLP ("PwC"),
as the Registrants' principal independent accountant to audit the Registrants'
consolidated financial statements. PwC currently serves as Bank of America's
principal independent accountant. This action effectively dismissed Deloitte &
Touche LLP ("D&T") on this date as the Registrants' principal independent
accountants.
The audit reports of D&T on the each of the Registrants' consolidated financial
statements, as of and for the fiscal years ended December 26, 2008 and
December 28, 2007, did not contain any adverse opinion or disclaimer of opinion,
nor were such reports qualified or modified as to uncertainty, audit scope or
accounting principles.
During the fiscal years ended December 26, 2008 and December 28, 2007, and the
subsequent interim period through April 15, 2009: (1) there were no
disagreements with D&T on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of D&T, would have caused D&T
to make reference in connection with their opinion to the subject matter of the
disagreement; and (2) there have been no "reportable events" (as defined in
Regulation S-K Item 304(a)(1)(v)).
During the fiscal years ended December 26, 2008 and December 28, 2007, and the
subsequent interim period through April 15, 2009, neither Registrant consulted
with PwC regarding the application of accounting principles to a specific
transaction, either proposed or completed, or the type of audit opinion that
might be rendered on the financial statements of either Registrant, or any other
matter or reportable event set forth in Item 304(a)(2)(i) or (ii) of
Regulation S-K.
The Registrants provided D&T with a copy of this Current Report on Form 8-K
prior to its filing with the Securities and Exchange Commission. D&T has
provided the Registrants with a letter to the SEC which is filed as Exhibit 16.1
hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
16.1 Letter dated April 20, 2009 of Deloitte & Touche LLP to the SEC
* * *
