StockWatch
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Major Banks
Corporate ActionJun 12, 2026, 04:52 PM

BNY Mellon to Redeem Series H Preferred Stock and Depositary Shares

AI Summary

The Bank of New York Mellon Corporation announced it will redeem all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and the corresponding depositary shares. The redemption date is set for June 20, 2026, with payment to be made on June 22, 2026. The redemption price for the depositary shares is $1,000 per share, and dividends will cease to accrue after the redemption date.

Key Highlights

  • BNY Mellon will redeem 5,825 shares of its Series H Noncumulative Perpetual Preferred Stock.
  • The company will also redeem 582,500 corresponding depositary shares.
  • The redemption date for both is June 20, 2026.
  • Payment of the redemption price will be made on June 22, 2026.
  • The redemption price for Depositary Shares is $1,000 per share.
  • This is equivalent to $100,000 per share of Series H Preferred Stock.
  • Dividends will no longer accrue on the Series H Preferred Stock or Depositary Shares after the redemption date.