BNY Mellon issues $500M of 6.244% Fixed-to-Floating Rate Preferred Stock via depositary shares

Bank of New York Mellon Corp

Offered 500,000 depositary shares (each 1/100th of Series N Preferred Stock) at $1,000/share, raising $500M.
Series N carries 6.244% fixed-to-floating dividend rate; perpetual noncumulative preferred.
Underwriting syndicate led by Goldman Sachs, J.P. Morgan, Morgan Stanley, RBC, UBS, BNY Mellon Capital Markets.
If Series N dividends are not declared, BNY Mellon cannot pay dividends on or repurchase common stock.
Certificate of Designations filed with Delaware Secretary of State on July 22, 2026.

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