BNY Mellon Issues Series N Preferred Stock With Dividend Protections
Filed with the SEC on · Summarized by InvestorsBot
On July 23, 2026, BNY Mellon issued Series N noncumulative perpetual preferred stock with a $100,000 liquidation preference per share. If the company does not declare and pay, or set aside, dividends for the most recent period on the Series N shares, it will face restrictions on dividends, redemptions, repurchases and other acquisitions of common stock and other securities ranking below the preferred stock.