Bank New York Mellon Corp Stock Price, News & Analysis

On November 1, 2022, BNY Mellon completed the sale of Alcentra NY to Franklin Templeton. This transaction led to new sub-investment advisory agreements for the BNY Mellon High Yield Strategies Fund and BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Alcentra NY is now the sub-adviser under these agreements. While shareholder approval is pending for the BNY Mellon Alcentra Global Multi-Strategy Credit Fund, an interim advisory agreement has been approved to manage investments. BNY Mellon Investment Management oversees $1.8 trillion in assets.

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported its 3Q22 results, revealing an EBITDA of US$ 22.2 million, down 44% year-on-year. Despite a net loss of US$ 19.8 million, an improvement from US$ 91.9 million in 3Q21, operating cash flow improved to US$ 16.1 million compared to a major loss in the previous year. Total revenues fell 11% to US$ 195.4 million. Capital expenditures rose 55% to US$ 37.2 million. Cash position was robust at US$ 288 million, with net debt decreasing to US$ 448.1 million.

On October 24, 2022, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0185 per share, payable on November 22, 2022, to shareholders of record as of November 7, 2022. The dividend remains unchanged from the previous month. BNY Mellon Investment Management, managing $1.8 trillion in assets as of September 30, 2022, continues to focus on delivering specialized investment solutions. This dividend declaration reflects the Fund's net investment income and aims to provide steady income for shareholders.

Z2 Investment Management launched as an alternative investment manager focused on debt and equity investments in North America's lower middle market. Targeting investment sizes between $10 million to $100 million, Z2 aims to fill the financing gap for private companies facing challenging credit conditions. Founders Scott Gold, Bobby Barrett, and Jake Sussman possess extensive experience in middle market investments, having collectively deployed billions in capital. Z2 believes non-sponsored, directly sourced financing can yield attractive returns while supporting an underserved segment of the U.S. economy.

BNY Mellon has launched Vaia, a new digital payment platform designed for US institutions, providing a variety of payment options including real-time payments via RTP®, Same-Day ACH, Tokenized Payments with Zelle®, and debit cards, all integrated into a client-branded interface.

Vaia aims to simplify disbursement processes and reduce the time for businesses to connect with various payment methods. The platform utilizes Account Validation Services to enhance security against payment fraud. Future plans include extending its capabilities for cross-border payments.