other material
confidence high
sentiment neutral
materiality 0.50
BNY Mellon launches proposed offering of Series J preferred depositary shares; may redeem Series G preferred
Bank of New York Mellon Corp
- Proposed offering of depositary shares representing 1/100th interest in new Series J Non-Cumulative Perpetual Preferred Stock, subject to market conditions.
- Net proceeds expected to be used for general corporate purposes, including possible redemption of Series G Preferred Stock in September 2025.
- Offering not yet priced; no assurance of completion or redemption of Series G.
- The Series G Preferred stock has a $100,000 liquidation preference per share.