#United States #New York #BNY Mellon #Series G Preferred Stock #Depositary Shares

BNY Mellon Announces Redemption of Series G Preferred Stock

The Bank of New York Mellon Corporation (BNY), a distinguished global player in financial services, has officially declared its plan to redeem all of its outstanding Series G Noncumulative Perpetual Preferred Stock. This announcement, made on September 11, 2025, has significant implications for investors holding these financial instruments.

Overview of the Redemption

According to BNY's announcement, this redemption encompasses 1,000,000 Depositary Shares, each of which represents a 1/100th interest in a share of the Series G Preferred Stock. Currently, there are 10,000 shares of Series G Preferred Stock available in the market.

The designated redemption date is set for September 20, 2025, coinciding with the next dividend payment date. On September 22, 2025, the respective payments for the redemption will be processed, termed the Payment Date. In terms of valuation, the redemption price is pegged at $1,000 per Depositary Share, leading to a large sum of $100,000 per share of Series G Preferred Stock. It is essential to note that this redemption price will not cover dividend payments which will also be due on that date.

After the Redemption Date, all Series G Preferred Stock and their associated Depositary Shares will no longer be regarded as outstanding, ceasing any accrual of dividends. This is a critical change for both the investors and the company itself, as it signifies a shift in capital structure and potentially impacts stockholder confidence.

Process for Investors

Simultaneously with the redemption of the shares, the Depositary Shares will also undergo redemption through processes established by The Depository Trust Company (DTC). This method streamlines the transaction for investors, ensuring that they can receive their redemption payments efficiently.

It’s vital for investors holding these Depositary Shares to connect with their broker or bank that manages their investment for further details on how to obtain the redemption payment. The significant role of depositaries in this process is underscored by their capacity to facilitate these transactions seamlessly, enhancing overall market functionality.

BNY's Legacy and Role in Finance

With a rich history spanning over 240 years, BNY continues to set benchmarks in financial services, managing and safeguarding vast amounts of capital globally. As of June 30, 2025, the institution holds approximately $55.8 trillion in assets under custodial management, aiding governments and corporations alike in various financial endeavors. The institution maintains relationships with more than 90% of the Fortune 100 firms and collaborates closely with leading banks.

BNY’s model of facilitating funds not only helps individual investors but also supports larger goals within local communities through investment in crucial projects. The firm is dedicated to ensuring financial safety and growth for its clientele.

Conclusion

As BNY Mellon prepares for the redemption of its Series G Preferred Stock, its actions reflect strategic financial management and commitment to upholding shareholder value. Investors are advised to stay informed and act promptly to navigate this transitional phase effectively. The upcoming redemption could set the stage for further initiatives from BNY in enhancing its shareholder propositions and refining its capital structure.