How much is BNY paying to redeem the Series H preferred stock?

The redemption price is $1,000 per depositary share, equivalent to $100,000 per share of Series H preferred stock. With 582,500 depositary shares (5,825 preferred shares) outstanding, the total redemption amount is approximately $582.5 million, excluding any accrued or declared dividends.

When will the redemption take place and when will holders be paid?

The redemption date is June 20, 2026, which is also the dividend payment date for the series. The redemption payment is scheduled for June 22, 2026, the first business day after the redemption date.

Will holders still receive the dividend for the period?

The redemption payment does not include the dividend payable on the payment date. That dividend is payable to holders of record on the applicable record date, so holders may receive it separately on the payment date. Dividends stop accruing on the redemption date.

How will holders of depositary shares receive their payment?

The depositary shares are held in book-entry form through DTC and will be redeemed according to DTC procedures. Holders should contact their bank or broker, which holds their beneficial interest, to obtain the redemption payment. Computershare Trust Company, N.A. is the transfer agent and registrar.

What does this redemption mean for BNY's financials?

The filing does not disclose the series' dividend rate, the source of funds, or any gain or loss on redemption. Retiring the preferred stock eliminates its future dividend obligations, but the net effect on earnings, capital ratios, and per-share metrics cannot be determined from this filing alone.

Bank of New York Mellon Corp 8-K SEC Disclosure

01—Abstract

Summary

Summary of the 8-K filed June 12, 2026. Cited figures are marked; the original filing is the authoritative source.

The Bank of New York Mellon Corporation (BNY) announced on June 12, 2026, that it will redeem all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and the corresponding depositary shares.

The filing covers 5,825 preferred shares and 582,500 depositary shares, each depositary share representing a 1/100th interest in a preferred share. The redemption date is June 20, 2026, the dividend payment date for the series. The redemption payment of $1,000^a per depositary share ($100,000 per preferred share) is scheduled for June 22, 2026.

Aggregate redemption proceeds work out to roughly $582.5 million^b. For investors, this is a routine capital-management action in which the company retires a fully outstanding preferred series at its stated redemption value. Once the redemption date passes, dividends on the series stop accruing, which reduces future preferred dividend obligations.

The filing does not disclose the series' dividend rate, the funding source for the redemption, or any accounting gain or loss on redemption, so the effect on earnings and per-share metrics cannot be determined from this document alone. The filing is a press release incorporated by reference and does not include quantitative financial statements. Investors seeking the impact on capital ratios, the cost of the retired preferred, or the funding plan should review BNY's subsequent periodic reports and any regulatory capital disclosures.

02—Key points

Key Highlights

BNY will redeem all 5,825 outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and all 582,500 corresponding depositary shares.
The redemption date is June 20, 2026, which coincides with the series' dividend payment date.
The redemption price is $1,000 per depositary share ($100,000 per preferred share), implying aggregate proceeds of about $582.5 million.
The redemption payment is scheduled for June 22, 2026, the first business day after the redemption date.
Dividends on the Series H preferred stock stop accruing on the redemption date, and the redemption payment excludes the dividend payable on the payment date.
Computershare serves as depositary and transfer agent, and redemption proceeds for the book-entry depositary shares will be paid through DTC procedures.
The filing does not disclose the dividend rate, funding source, or accounting impact of the redemption.

03—Questions

Frequently Asked Questions

How much is BNY paying to redeem the Series H preferred stock?
The redemption price is $1,000 per depositary share, equivalent to $100,000 per share of Series H preferred stock. With 582,500 depositary shares (5,825 preferred shares) outstanding, the total redemption amount is approximately $582.5 million, excluding any accrued or declared dividends.
When will the redemption take place and when will holders be paid?
The redemption date is June 20, 2026, which is also the dividend payment date for the series. The redemption payment is scheduled for June 22, 2026, the first business day after the redemption date.
Will holders still receive the dividend for the period?
The redemption payment does not include the dividend payable on the payment date. That dividend is payable to holders of record on the applicable record date, so holders may receive it separately on the payment date. Dividends stop accruing on the redemption date.
How will holders of depositary shares receive their payment?
The depositary shares are held in book-entry form through DTC and will be redeemed according to DTC procedures. Holders should contact their bank or broker, which holds their beneficial interest, to obtain the redemption payment. Computershare Trust Company, N.A. is the transfer agent and registrar.
What does this redemption mean for BNY's financials?
The filing does not disclose the series' dividend rate, the source of funds, or any gain or loss on redemption. Retiring the preferred stock eliminates its future dividend obligations, but the net effect on earnings, capital ratios, and per-share metrics cannot be determined from this filing alone.

04—Continue

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