Summary
The Bank of New York Mellon Corporation (BK) has announced the redemption of its Series F Noncumulative Perpetual Preferred Stock and associated depositary shares. This action, effective September 20, 2026, involves the redemption of 10,000 shares of Series F Preferred Stock and all corresponding depositary shares. This is a significant event for holders of this specific preferred stock, as it signals the company's decision to retire this class of capital.
Key Highlights
- 1BK to redeem 10,000 shares of Series F Noncumulative Perpetual Preferred Stock.
- 2All corresponding depositary shares will also be redeemed.
- 3Redemption date is set for September 20, 2026.
- 4This action impacts holders of BK's Series F Preferred Stock and its Depositary Shares.
- 5The company issued a press release on August 20, 2026, announcing the redemption.
Frequently Asked Questions
The company is redeeming 10,000 shares of its Series F Noncumulative Perpetual Preferred Stock and all of the associated depositary shares, each representing a 1/100th interest in a share of the Series F Preferred Stock.
The redemption will take effect on September 20, 2026.
Holders of Bank of New York Mellon Corporation's Series F Noncumulative Perpetual Preferred Stock and its corresponding depositary shares are directly affected by this redemption notice.
More details can be found in the press release dated August 20, 2026, which is attached as Exhibit 99.1 to the 8-K filing and incorporated herein by reference.