BNY Mellon to Redeem All Outstanding Series H Preferred Stock Depositary Shares

NEW YORK, June 12, 2026 – The Bank of New York Mellon Corporation (“BNY”, NYSE: BNY), a leading global financial services company, has announced a significant capital action: the full redemption of all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and the related Depositary Shares. Each Depositary Share represents a 1/100th interest in a share of the Series H Preferred Stock.

Key Points for Investors

• Redemption Scope: The redemption covers all 5,825 outstanding shares of Series H Preferred Stock and all 582,500 related Depositary Shares.
• Redemption Date and Payment:
  • The redemption will occur on June 20, 2026, which is also the dividend payment date (the “Redemption Date”).
  • The actual payment to investors (the “Redemption Payment”) will be made on June 22, 2026, the first business day following the Redemption Date.
• Redemption Price:
  • Holders of Depositary Shares will receive \$1,000 per Depositary Share, which is equivalent to \$100,000 per share of Series H Preferred Stock.
  • The Redemption Payment excludes the final dividend, which will be paid separately on the Payment Date to holders of record as of the applicable record date.
• Dividend Cessation: After June 20, 2026, the Series H Preferred Stock and Depositary Shares will no longer be deemed outstanding, and no further dividends will accrue.
• Settlement Process: All Depositary Shares are held in book-entry form through The Depository Trust Company (DTC) and will be redeemed following DTC’s procedures. Investors should contact their bank or broker for payment information.

Details for Shareholders

• Contact Information for the Depositary:
  • Computershare Trust Company, N.A. is serving as both the depositary and transfer agent for this redemption. For any questions or instructions, shareholders may contact:
    
    Computershare Trust Company, N.A.
    Attn: Corporate Actions, BNY Redemption Series H
    150 Royall Street, Suite 101
    Canton, MA 02021
    Phone: 1-800-546-5141 or 1-781-575-2765
• Action Required: Investors holding a beneficial interest in the Depositary Shares through a broker or bank should contact their financial intermediary regarding redemption payment instructions.

Strategic and Share Price Implications

• Capital Structure Impact: The full redemption of this preferred stock series may have important implications for BNY’s capital structure, potentially lowering future dividend obligations and increasing flexibility for common shareholders.
• Potential for Share Price Movement: This large-scale preferred stock redemption is a notable capital management action. It could be perceived positively by the market, as it signals BNY’s strong capital position and may be viewed as a step to optimize capital allocation and possibly return more capital to common shareholders in the future.
• Dividend Policy Clarity: Following the redemption, no further dividends will accrue on the Series H Preferred Stock, which may affect income-focused investors and could influence the company’s overall dividend policy and yield profile going forward.

About BNY

BNY is one of the world’s largest custodian banks and securities services companies, overseeing \$59.4 trillion in assets under custody or administration and \$2.1 trillion in assets under management as of March 31, 2026. BNY serves over 90% of Fortune 100 companies, nearly all top 100 global banks, and over 90% of the top 100 pension plans. The company is headquartered in New York City and has been recognized among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.

Media Contact: Anneliese Diedrichs, +1 646 468 6026, [email protected]
Analyst Contact: Marius Merz, +1 212 298 1480, [email protected]

Disclaimer:

This article is for informational purposes only and does not constitute investment advice. Investors should do their own research or consult with professional advisors before making investment decisions. BNY and related parties have not reviewed or endorsed this article.

View Bank of New York Mellon Corp Historical chart here