Bank of New York Mellon Corporation
Bank of New York Mellon Issues Series M Preferred Stock with Restrictions on Common Stock Dividends
Summary
Bank of New York Mellon Corporation has issued Series M Noncumulative Perpetual Preferred Stock, which restricts the company's ability to declare or pay dividends on, or purchase, redeem, or otherwise acquire, shares of its common stock or any shares of the Registrant that rank junior to the Series M Preferred Stock if dividends on the preferred stock are not declared and paid (or set aside) for the last preceding dividend period. The terms of the Series M Preferred Stock, including such restrictions, are more fully described in the Certificate of Designations, filed with the Secretary of State of the State of Delaware on March 4, 2026, and a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K. The Depositary Shares representing the Series M Preferred Stock were offered to the public pursuant to an Underwriting Agreement entered into on February 26, 2026, and a copy of which is attached as Exhibit 1.1 to this Current Report on Form 8-K.
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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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