BNY Mellon issues 500,000 depositary shares for Series J Preferred, raising ~$500M

Bank of New York Mellon Corp

Filed Certificate of Designations for Series J Noncumulative Perpetual Preferred Stock, effective March 7, 2025.
On March 10, 2025, issued 500,000 depositary shares (each 1/100th interest) representing 5,000 shares of Series J Preferred with $100,000 liquidation preference per share, raising ~$500M.
Underwriting agreement with Deutsche Bank, Goldman Sachs, Morgan Stanley, RBC, UBS, BNY Mellon Capital Markets for the offering signed March 3, 2025.
If Series J dividends not paid for last preceding period, restrictions apply on common stock dividends and repurchases.

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