Bank of New York Mellon ($BK) launched a proposed public offering (Feb 26, 2026) of depositary shares…
Filed with the SEC on · Summarized by InvestorsBot
Bank of New York Mellon ($BK) launched a proposed public offering (Feb 26, 2026) of depositary shares (each = 1/100th of a share) of Series M Noncumulative Perpetual Preferred Stock. Offering subject to pricing; preliminary prospectus filed with SEC. 🧾 #SECfiling #PreferredStock
BNY Mellon says net proceeds may be used for general corporate purposes, including possible redemption of Series F preferred ($100k liquidation pref) on dividend date Sept 2026; may (not obliged) redeem Series H ($100k lp) on dividend date Mar 2026. 🔁 $BK #Capital #Banking