Bank of America Corp. BAC, -1.17% will provide $43.2 million in financing to Remington Outdoor, an assault rifle manufacturer, just weeks after saying it would stop financing companies that produce "military-style" firearms, according to a Reuters report. Remington is set to emerge from bankruptcy later this month, and the financing Bank of America will provide was agreed to in March, before the bank established its policy on assault rifles. Remington is the manufacturer of the Bushmaster rifle, which was used in the Sandy Hook school massacre in 2012. Bank of America shares are down about 1% for the year to date, slightly better than the 2% decline for the Dow Jones Industrial Average DJIA, -1.37% .