Bank of New York Mellon issues 500K depositary shares of Series L preferred stock, raising $500M

Bank of New York Mellon Corp

Public offering of 500,000 depositary shares, each representing 1/100th interest in a share of Series L Noncumulative Perpetual Preferred Stock with $100K liquidation preference per share.
Underwriters include Barclays, BofA Securities, Citigroup, J.P. Morgan, and BNY Mellon Capital Markets.
Restrictions: If Series L dividends are not declared and paid, BK cannot pay dividends on or redeem common stock or junior shares.
Certificate of Designations for Series L filed with Delaware Secretary of State on September 9, 2025, effective same day.
Deposit Agreement with Computershare Inc. and Computershare Trust Company, N.A. as depositary.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Bank of New York Mellon Corp: Filed Certificate of Designations establishing Series L Preferred Stock preferences, limitations and relative rights (effective 2025-09-09).

Change: charter amendment
Effective: 2025-09-09

Exact text from the filing

On September 9, 2025, the Registrant filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Series L Preferred Stock.

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Bank of New York Mellon Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-200101

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