Bank of New York Mellon Corporation
Bank of New York Mellon Announces Issuance of Series L Preferred Stock
Summary
Bank of New York Mellon Corporation announced the issuance of 500,000 depositary shares, each representing a 1/100th interest in a share of the Series L Preferred Stock. This issuance is part of a public offering underwritten by several financial institutions. The issuance is subject to certain restrictions on the declaration or payment of dividends on common stock if dividends on the Series L Preferred Stock are not declared and paid. Additionally, the company filed a Certificate of Designations to establish the preferences and rights of the Series L 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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