The Bank of New York Mellon Corporation (BK) announced it will redeem all 10,000 outstanding shares of its Series G Noncumulative Perpetual Preferred Stock and the corresponding 1,000,000 Depositary Shares, each representing 1/100th of a share.
The redemption is scheduled for September 20, 2025, with payments made on September 22, 2025.
Each Depositary Share will be redeemed at $1,000, equivalent to $100,000 per Series G share, excluding the dividend payable on the same date to record holders. Following the redemption date, Series G shares and Depositary Shares will no longer be outstanding, and dividends will stop accruing.
BK currently trades at $105.92 or 1.85% higher on the NYSE.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.