BNY Mellon launches proposed Series M preferred depositary shares offering; may redeem Series F and H preferred

Bank of New York Mellon Corp

Proposed public offering of depositary shares each representing a 1/100th interest in a share of new Series M Noncumulative Perpetual Preferred Stock.
Net proceeds intended for general corporate purposes, including possible redemption of Series F Preferred Stock ($100,000 liquidation preference) in September 2026.
Company expects, but is not obligated, to redeem some or all of Series H Preferred Stock ($100,000 liquidation preference) in March 2026.
Offering subject to market conditions; no assurance it will price and close.

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