Category: Markets
Published: 2026-07-16T12:46:19.000Z
The Bank of New York Mellon Corporation is offering depositary shares representing a 1/100th interest in its Series N Noncumulative Perpetual Preferred Stock, each with a $1,000 liquidation preference. Dividends are discretionary, noncumulative, and fixed until September 20, 2031, after which they reset based on the five-year treasury rate plus a spread. The net proceeds from this offering will be used for general corporate purposes, including capital management and funding for subsidiaries.
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