The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) announced its 4Q22 production results, showing a total gold output of 17,535 ounces from Orcopampa, Tambomayo, La Zanja, Coimolache, and El Brocal. For FY22, the annual gold production reached 74,478 ounces. Silver production totaled 877,768 ounces in 4Q22, contributing to an overall FY22 silver output of 3,556,829 ounces. The company provided guidance for 2023, projecting gold production to range between 72,000 to 80,000 ounces and silver output to be between 2.7 million to 3 million ounces, reflecting a robust outlook amid steady operational performance.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced the results of its quarterly tender offer, which concluded on February 14, 2023 at 5:00 p.m. Eastern time. This tender offer aimed to buy back up to 2.5% of the Fund's outstanding common stock. The offer was oversubscribed, resulting in the purchase of 52,810 shares out of 223,385 shares tendered, leading to a pro-rata purchase ratio of 23.74%. The purchase price per share was set at $82.80, equal to the Fund’s net asset value as of December 31, 2022.
BNY Mellon (NYSE: BK) announced that President and CEO Robin Vince will address the RBC Capital Markets Global Financial Institutions Conference on March 7, 2023, at 4:00 p.m. ET in New York. The session may include forward-looking statements and significant material information.
A live audio webcast will be accessible on the BNY Mellon website, with an archived version available approximately 24 hours later until April 7, 2023. BNY Mellon is a globally recognized investment firm managing $44.3 trillion in assets under custody and $1.8 trillion in assets under management, providing financial services across 35 countries.
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On January 25, 2023, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.015 per share, to be paid on February 23, 2023. Shareholders must be on record by February 8, 2023, with an ex-dividend date set for February 7, 2023. This dividend matches the previous month's amount. The investment adviser, BNY Mellon Investment Adviser, Inc., is part of a large asset manager with $1.8 trillion in assets under management as of December 31, 2022. The fund entails risks, including fluctuating returns and values.
BNY Mellon (NYSE: BK) has launched a new outsourced trading service aimed at buy-side institutions, including asset managers. This service will utilize the capabilities of xBK, which handles over $1 trillion in trading volume annually. Key benefits for clients include reduced operational costs, access to diverse asset classes, and improved trading outcomes through advanced technology and systematic workflows. BNY Mellon aims to enhance client competitiveness in a challenging market, addressing issues such as fee pressures and increased trading complexities. The company reported $44.3 trillion in assets under custody as of December 2022.
BNY Mellon and Fiserv have partnered to enhance real-time foreign exchange (FX) rate quotes for U.S. financial institutions. This collaboration allows institutions to access BNY Mellon's FX rate quotes in over 120 currencies via Fiserv's Payments Exchange platform without extensive integration. This solution aims to reduce the costs associated with accessing real-time FX rates, addressing challenges U.S. institutions face with cross-border payments. The offering includes transaction tracking and reporting tools for improved client support and transparency. The partnership highlights both companies' commitment to streamlining global payment processes.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) has scheduled its Fourth Quarter 2022 earnings conference call for March 1, 2023, at 9:00 AM ET and will release results on February 28, 2023, after market close. CEO Leandro García Raggio and senior management will participate to discuss key financial and operational results. Buenaventura, Peru's largest publicly traded precious metals company, operates several mines, including Tambomayo and Orcopampa, and holds a 19.58% stake in Sociedad Minera Cerro Verde. For live participation, dial +1-844-282-4460 or use the Call Me Link.