Bank of New York Mellon Corporation
Proposed Public Offering of Depositary Shares Announced by Bank of New York Mellon Corporation
Summary
On March 3, 2025, The Bank of New York Mellon Corporation announced the launch of a proposed public offering of depositary shares, each representing a 1/100th interest in a share of its new series of Series J Non-Cumulative Perpetual Preferred Stock. The Company intends to use the net proceeds for general corporate purposes, which may include the redemption of some or all of its Series G Non-Cumulative Perpetual Preferred Stock. The offering is subject to market conditions and there is no assurance of its completion or the decision to redeem the Series G Preferred Stock.
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About Bank of New York Mellon Corporation
Bank of New York Mellon Corporation, commonly known as BNY Mellon, is a prominent financial services company that provides investment management and investment services around the globe. Founded in 1784, it is one of the oldest banking institutions in the United States, with a rich history and a significant role in the evolution of global finance. BNY Mellon specializes in asset servicing, wealth management, and issuer services, catering to a broad spectrum of clients that include financial institutions, corporations, and high-net-worth individuals. The corporation plays a critical role in the financial markets through its custody and administration services, safeguarding trillions of dollars in assets. By leveraging its advanced technology and global reach, BNY Mellon ensures efficient capital flow and security. Its leadership in providing solutions tailored to the evolving needs of its clients enhances market structure and stability. Headquartered in New York City, BNY Mellon is an influential entity in shaping the financial landscape, promoting liquidity, and supporting operational efficiency across diverse sectors and markets.
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