Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
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 the approval of the San Gabriel Mine Project permits by the Government of Peru, allowing immediate construction and development. The project aims to double Buenaventura's gold production starting in 2025, contributing 120k-150k ounces annually. Total CAPEX is estimated between US$400M and US$430M, with an investment of US$100M-US$110M in 2022 and US$200M in 2023. The project also emphasizes economic and social benefits for local communities, demonstrating strong local support.
BNY Mellon will hold its 2022 Annual Meeting of Stockholders on April 12, 2022, at 9:00 a.m. ET in New York City. To ensure safety, stockholders must register to attend in person. Detailed health protocols will be provided to attendees prior to the meeting. A live audio webcast will be available for those unable to attend, although participation through the webcast is not allowed. Replays will be accessible from April 12, 2022, until May 12, 2022. BNY Mellon has $46.7 trillion in assets under custody and $2.4 trillion in assets under management.
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On March 24, 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 April 22, 2022. Shareholders of record as of April 7, 2022 will receive this dividend, with the ex-dividend date set for April 6, 2022. This marks the same dividend amount as declared in February 2022. BNY Mellon Investment Management oversees the Fund, which had $2.4 trillion in assets under management as of December 31, 2021.
BNY Mellon Investment Management has launched the BNY Mellon Responsible Horizons Corporate Bond ETF (TICKER: RHCB) as of March 22, 2022. The ETF, sub-advised by Insight North America LLC, targets capital appreciation and income through corporate debt from companies with strong ESG practices. With $2.4 trillion in assets, BNY Mellon aims to provide sustainable investment solutions, leveraging Insight's ESG expertise. The fund is designed to outperform traditional fixed-income investments by integrating ESG ratings into its credit analysis.
BNY Mellon will release its first quarter 2022 financial results on April 18, 2022, at approximately 6:30 a.m. ET. A conference call and live audio webcast will follow at 8 a.m. ET, discussing forward-looking statements and material information. Investors can access the call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) with passcode 200200. Replays will be available from 2 p.m. ET the same day until May 18, 2022. BNY Mellon manages $46.7 trillion in assets under custody and $2.4 trillion in assets under management.
BNY Mellon (NYSE: BK) announced the retirement of CEO Thomas P. Gibbons, effective August 31, 2022, after 36 years with the company. Robin Vince has been appointed as the new CEO-elect and will begin the transition immediately. Gibbons, CEO since September 2019, led the company through the complexities of the COVID-19 pandemic, emphasizing resilience and client service. Vince, who has served as Vice Chair and has extensive experience from Goldman Sachs, is expected to drive organic growth and innovation at BNY Mellon.
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On February 28, 2022, Dreyfus, part of BNY Mellon Investment Management, introduced the BOLDSM share class for its Government Cash Management fund. This initiative allocates 10% of net revenue, starting from $300,000, to support Howard University's GRACE Grant, which aids underrepresented students. The BOLDSM shares are exclusively available to institutional investors through BNY Mellon. Howard University's GRACE Grant has shown to significantly improve student retention and graduation rates. This partnership reflects Dreyfus' commitment to social impact through investments.
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