Bank New York Mellon Corp Stock Price, News & Analysis

BNY Municipal Income (DMF) announced a significant reorganization plan, merging with BNY AMT-Free Municipal Bond Fund, transitioning from a closed-end to an open-end fund structure. The reorganization, scheduled for June 20, 2025, requires stockholder approval at a special meeting on June 2, 2025.

This decision follows stockholders' approval of a non-binding proposal at the June 2024 Annual Meeting to consider measures allowing share monetization at or near net asset value. The Fund's NYSE-listed shares (DMF) will cease trading and be delisted around June 18, 2025.

Additionally, the Fund announced plans to redeem all 1,209 outstanding Variable Rate MuniFund Term Preferred Shares at $25,000 per share plus accumulated dividends, funded through portfolio securities sales. The Fund's dividend reinvestment plan will terminate on June 6, 2025, with the last eligible distribution record date around May 14, 2025.

BNY (NYSE: BK) has announced the early redemption of its Floating Rate Callable Senior Bank Notes due March 13, 2026. The redemption affects notes with an aggregate principal amount of $500 million.

The redemption is scheduled for March 13, 2025, with holders receiving 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the redemption date. After this date, the notes will no longer be outstanding and will cease accruing interest. The redemption payment will be processed through The Depository Trust Company.

BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared its latest monthly distribution of $0.0300 per share of common stock. The distribution will be payable on April 1, 2025, to shareholders of record as of March 18, 2025, which is also the ex-dividend date. This matches the previous distribution amount announced in February.

The Fund maintains a regular monthly distribution policy based on projected performance, though distribution rates may vary depending on market conditions and portfolio performance. The Fund may distribute current net investment income, accumulated undistributed income, or return capital to maintain stable distribution levels.

BNY Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments oversees $2.0 trillion in assets under management as of December 31, 2024, while its parent company BNY handles $52.1 trillion in assets under custody and/or administration.

BNY (NYSE: BK) has announced the pricing of a $500 million public offering of depositary shares, each representing a 1/100th interest in Series J Noncumulative Perpetual Preferred Stock. The shares are priced at $1,000 per depositary share, with a liquidation preference of $100,000 per preferred stock share.

The Series J preferred stock will pay dividends at a 6.300% annual rate until March 20, 2030, after which the rate will adjust to the five-year treasury rate plus 2.297%. The stock may be redeemed at BNY's option on March 20, 2030, or any dividend payment date thereafter. The offering, led by multiple joint book-running managers including Deutsche Bank Securities and Goldman Sachs, is expected to close on March 10, 2025.

The company plans to use the net proceeds for general corporate purposes.

BNY Alcentra Global Multi-Strategy Credit Fund (XALCX) has announced a distribution of $2.00 per share of common stock, payable on April 1, 2025, to shareholders of record as of March 13, 2025. This follows previous distributions in December, which included a quarterly distribution of $2.00 and a special year-end distribution of $5.85 per share.

The Fund aims to distribute net investment income quarterly, with flexibility to distribute less than the total earned amount to maintain stable distributions. Distribution rates are influenced by factors including asset mix, portfolio maturity, hedging strategies, and market conditions. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets as of December 31, 2024.

BNY High Yield Strategies Fund (NYSE: DHF) has announced its monthly dividend declaration. The fund will distribute $0.0175 per share, maintaining the same amount as the previous month's dividend. The dividend is payable on April 1, 2025, to shareholders of record as of March 11, 2025, which is also the ex-dividend date.

The fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets as of December 31, 2024. The parent company, BNY, oversees $52.1 trillion in assets under custody and/or administration, offering comprehensive solutions for capital markets worldwide.

BNY (NYSE: BK) has announced it will release its first quarter 2025 financial results on Friday, April 11, 2025. The financial materials will be posted on the company's website at approximately 6:30 a.m. ET, followed by a conference call and live audio webcast at 11:00 a.m. ET.

Investors and analysts can access the conference call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) using passcode: 200200. The earnings release, quarterly update presentation, and related documents will be available on BNY's investor relations website. An archived version of the conference call will be accessible from April 11, 2025, at 3:00 p.m. ET through May 9, 2025.

Buenaventura (NYSE: BVN) reported strong financial results for Q4 and full-year 2024. Q4 EBITDA from direct operations reached US$ 93.4 million, up from US$ 74.0 million in Q4 2023. Full-year EBITDA excluding the Chaupiloma Royalty Company sale was US$ 431.2 million, significantly higher than US$ 199.2 million in 2023.

The company reported Q4 net income of US$ 33.6 million, compared to a US$ 9.8 million loss in Q4 2023. Full-year net income reached US$ 402.7 million, including the Chaupiloma sale. The company ended 2024 with a cash position of US$ 478.4 million and total net debt of US$ 148.3 million.

Production results showed mixed performance with decreases in silver, zinc, lead, and gold output, while copper production increased by 5% YoY. The company received US$ 166.5 million in dividends from Cerro Verde in 2024 and proposed a dividend of US$ 0.2922 per share/ADS.

BNY Alcentra Global Multi-Strategy Credit Fund announced the final results of its oversubscribed quarterly tender offer for up to 2.5% of the Fund's issued and outstanding shares. The tender offer expired on February 18, 2025, and due to oversubscription, shares will be purchased from tendering shareholders on a pro rata basis, after accepting all shares from shareholders who own less than 100 shares and tendered all their holdings.

The purchase price equals 100% of the Fund's net asset value per Share as of December 31, 2024. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets. BNY has $52.1 trillion in assets under custody/administration as of December 31, 2024.