Bank New York Mellon Corp Stock Price, News & Analysis

On November 21, 2022, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0185 per share, payable on December 20, 2022, to shareholders of record on December 6, 2022. The ex-dividend date is December 5, 2022. This is consistent with the previous month's dividend. BNY Mellon Investment Management manages $1.8 trillion in assets, reinforcing its strong market position.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund announced the final results of its quarterly tender offer for up to 2.5% of its outstanding shares, which expired on November 14, 2022. The tender offer was oversubscribed, with 222,232 shares tendered and 54,164 shares to be purchased at a pro-rata factor of 0.24445. The purchase price equaled the fund's net asset value of $81.15 per share as of September 30, 2022. Tentative dates for future tender offers in 2023 were also released, subject to board approval.

BNY Mellon will announce its fourth quarter 2022 financial results on January 13, 2023, with materials available at 6:30 a.m. ET. A conference call and live audio webcast will follow at 10:00 a.m. ET, featuring forward-looking statements and other material information. Access is available via phone or online at bnymellon.com/investorrelations. An archived version will be accessible from 2 p.m. ET on the same day through February 13, 2023.

BNY Mellon (NYSE: BK) announced that its CFO Emily Portney and CEO of Securities Services and Digital Roman Regelman will present at the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022, at 1:00 p.m. ET. The discussion may include forward-looking statements and key information. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available 24 hours later until January 6, 2023. As of September 30, 2022, BNY Mellon manages $42.2 trillion in assets.

BNY Mellon Investment Management has launched the BNY Mellon Global Infrastructure Income ETF (BKGI), targeting an annualized gross forward-looking 12-month yield of 6% or more. This ETF provides exposure to both traditional and non-traditional infrastructure sectors, including energy, industrials, healthcare, and real estate. Managed by Newton Investment Management, it marks BNY Mellon's 15th ETF and 7th active ETF. The fund aims for income generation while aligning with global trends like energy transition and increased broadband access. BNY Mellon manages $1.8 trillion in assets.

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.