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.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.4

Bank of New York Mellon Corp issued preferred stock for $100,000 per share.

Security: preferred stock
Consideration: $100,000 per share

Exact text from the filing

Upon issuance of the Series L Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share, par value $0.01 per share (the “Series L Preferred Stock”) by The Bank of New York Mellon Corporation (the “Registrant”) on September 10, 2025, the ability of the Registrant to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock or any shares of the Registrant that rank junior to the Series L Preferred Stock will be subject to certain restrictions

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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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