BNY Mellon issues 500,000 depositary shares of Series M preferred stock under $500M offering

Bank of New York Mellon Corp

Filed Certificate of Designations for Series M Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share.
Underwriting agreement with Barclays, BofA, Citigroup, Deutsche Bank, BNY Mellon Capital Markets for 500,000 depositary shares (each representing 1/100th interest).
Dividend restrictions on common stock and junior shares apply if Series M dividends not declared for prior period.
Offering closed March 5, 2026; proceeds not specified but typical for capital and regulatory purposes.
Deposit agreement with Computershare as depositary; legal opinion from Sullivan & Cromwell filed.

Key facts

Extracted from this filing and checked against the source text.

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 to establish terms of Series M Noncumulative Perpetual Preferred Stock (effective 2026-03-04).

Change: charter amendment
Effective: 2026-03-04

Exact text from the filing

On March 4, 2026, 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 M Preferred Stock.

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Bank of New York Mellon Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-094111

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