The Bank of New York Mellon Corporation (BNY) announced the redemption of all outstanding shares of its Series G Noncumulative Perpetual Preferred Stock and corresponding Depositary Shares.
The redemption date is set for September 20, 2025, with the Payment Date on September 22, 2025.
The redemption price for the Depositary Shares will be $1,000 per share, equivalent to $100,000 per share of Series G Preferred Stock.
Redemption Announcement
BNY will redeem all outstanding shares of Series G Noncumulative Perpetual Preferred Stock and Depositary Shares.
Redemption Details
Redemption date: September 20, 2025. Payment Date: September 22, 2025. Redemption price: $1,000 per share.
Impact on Shareholders
After the Redemption Date, dividends will no longer accrue on the Series G Preferred Stock represented by the Depositary Shares.
- The redemption of the Series G Preferred Stock and Depositary Shares marks an important financial decision by BNY.
- Shareholders will experience changes in dividend payments and ownership rights following the redemption.
BNY's decision to redeem the Series G Preferred Stock and Depositary Shares will impact shareholders and streamline the company's financial structure.