Bank of New York Mellon Corporation
Bank of New York Mellon Corp Issues Series K Preferred Stock with Dividend Restrictions
Summary
On March 13, 2025, The Bank of New York Mellon Corporation issued Series K Noncumulative Perpetual Preferred Stock, which imposes restrictions on the company's ability to declare or pay dividends on its common stock if dividends on the Series K Preferred Stock are not paid for the last preceding dividend period. Additionally, on March 7, 2025, the company entered into an underwriting agreement for the public offering of 20,000,000 depositary shares, each representing a 1/4,000th interest in a share of the Series K Preferred Stock.
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Exhibits (4)
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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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