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Stock impact report

Bank Of New York Mellon Preferred Issue Reshapes Income And Capital Stack [Yahoo! Finance]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Bank of New York Mellon Corporation (NYSE:BK) completed a $500 million preferred stock offering. The offering involves 6.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series I. BNY indicated it may redeem its outstanding Series F and Series H Preferred Stock in 2026, subject to conditions. Bank of New York Mellon Corporation, a major global custodian and asset servicing bank, often uses preferred stock as part of its long term funding mix. This new $500 million Series I issuance gives BNY another tool within its capital stack, alongside common equity and debt. For you as an investor, it can be useful to see how a large financial institution structures its funding across different types of securities. The comment about potential 2026 redemptions of the Series F and Series H Preferred Stock indicates possible changes in which specific preferred issues rem Show less Read more
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