BNY Mellon calls all outstanding series D perpetual preferreds

By Marisa Wong

Los Angeles, Nov. 17 – Bank of New York Mellon Corp. will redeem all of its series D non-cumulative perpetual preferred stock and corresponding depositary shares on Dec. 20, according to a press release.

There are currently 5,000 shares of the series D preferreds and 500,000 depositary shares outstanding.

The redemption price will be $1,000 per depositary share, equivalent to $100,000 per series D preferred share, excluding the dividend payment, which will be payable on the redemption date.

Computershare Inc. and Computershare Trust Co., NA, jointly, are the depositary, and Computershare Trust is the transfer agent and registrar for the series D preferreds.

BNY Mellon is a financial services company based in New York.

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