Series G Noncumulative Perpetual Preferred Stock
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BNY Announces Redemption of 1,000,000 Depositary Shares, Each Representing a 1/100th Interest in a Share of its Series G Noncumulative Perpetual Preferred Stock
Prnewswireยท 2025-09-11 13:00
Core Viewpoint - The Bank of New York Mellon Corporation (BNY) announced the redemption of all outstanding shares of its Series G Noncumulative Perpetual Preferred Stock and corresponding depositary shares, with a redemption date set for September 20, 2025, and payment to be made on September 22, 2025 [1][2]. Group 1: Redemption Details - The redemption price for the Depositary Shares will be $1,000 per share, equivalent to $100,000 per share of Series G Preferred Stock [2]. - The Series G Preferred Stock and the Depositary Shares will no longer be considered outstanding after the redemption date, and dividends will cease to accrue [2][3]. Group 2: Company Overview - BNY is a global financial services company managing $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management as of June 30, 2025 [5]. - The company has been a partner to over 90% of Fortune 100 companies and nearly all top 100 banks globally, supporting governments and pension plans [5].