BNY Announces Redemption of 582,500 Depositary Shares, Each Representing a 1/100th Interest in a Share of its Series H Noncumulative Perpetual Preferred Stock

Rhea-AI Summary

Bank of New York Mellon will redeem all outstanding Series H Noncumulative Perpetual Preferred Stock and the related 582,500 depositary shares. The redemption date is June 20, 2026, with the $1,000-per-depositary-share redemption payment due June 22, 2026. Dividends cease after the redemption date.

Positive

• Full redemption of 582,500 Series H depositary shares at $1,000 each
• Dividend obligations on Series H preferred stock end after June 20, 2026

Negative

• Holders of Series H preferred lose future dividend income after redemption

News Market Reaction – BNY

-1.03%

-1.03% Session close to close

In the Jun 15 session, BNY declined 1.03%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the full redemption of BNY’s Series H preferred stock and its 582,500 rela...

Analysis

This announcement details the full redemption of BNY’s Series H preferred stock and its 582,500 related Depositary Shares at $1,000 per Depositary Share on specific June 2026 dates. It clarifies that dividends stop accruing after the Redemption Date and outlines DTC and Computershare procedures. Investors may focus on how retiring this preferred layer fits into BNY’s wider capital structure, dividend priorities, and future funding plans relative to earlier, low-impact news items.

Key Figures

Depositary Shares: 582,500 shares Preferred Shares: 5,825 shares Redemption price per Depositary Share: $1,000 +4 more

7 metrics

Depositary Shares 582,500 shares Outstanding Series H Depositary Shares being redeemed

Preferred Shares 5,825 shares Outstanding Series H Preferred Stock being redeemed

Redemption price per Depositary Share $1,000 Cash redemption payment per Depositary Share

Redemption price per Preferred Share $100,000 Equivalent redemption per share of Series H Preferred Stock

Interest represented 1/100th Each Depositary Share equals 1/100th of one Series H share

Redemption Date June 20, 2026 Dividend payment date; date Series H ceases to be outstanding

Payment Date June 22, 2026 Date Redemption Payment will be made to holders

Historical Context

2 past events · Latest: Jun 03 (Neutral)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 03	Sponsorship initiative	Neutral	-0.5%	America250 student awards announcement supported by BNY as founding sponsor.
May 22	Conference appearance	Neutral	+0.1%	CFO participation at Morgan Stanley U.S. Financials Conference with webcast access.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited history shows only small price responses to general news, with no clear directional pattern.

Recent Company History

Recent BNY news flow has focused on corporate visibility and sponsorships rather than balance sheet actions. On May 22, 2026, the bank announced its CFO would speak at the Morgan Stanley U.S. Financials Conference, with a modest 0.12% gain over 24 hours. On June 3, 2026, a sponsorship-related America250 announcement coincided with a 0.5% decline. Overall, prior items suggest muted trading impact from non-core operational news, contrasting with today’s capital-structure-focused preferred redemption.

Key Terms

depositary shares, noncumulative perpetual preferred stock, depository trust company, book-entry form, +1 more

5 terms

depositary shares financial

"all of the corresponding depositary shares ("Depositary Shares"), each representing a 1/100th"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

noncumulative perpetual preferred stock financial

"its Series H Noncumulative Perpetual Preferred Stock (the "Series H Preferred Stock")"

A noncumulative perpetual preferred stock is a type of equity that pays regular dividends indefinitely but has no maturity date, and if the issuer skips a dividend payment those missed payments are not owed later. It sits above common shares in priority for income and liquidation, so it can offer steady income like a bond while still carrying equity risk. Investors should note the permanent nature and the risk that skipped dividends are permanently lost, making yield and issuer stability key considerations.

depository trust company financial

"redeemed in accordance with the applicable procedures of The Depository Trust Company ("DTC")"

A central securities depository that holds stocks, bonds and other securities in electronic form and handles the transfer and finalizing of trades between brokerages. For investors it acts like a secure electronic vault and central bookkeeping hub that speeds transactions, reduces the chance of lost or duplicated certificates, and determines whether holdings are eligible for trading, dividends and other corporate actions through your broker.

book-entry form technical

"All Depositary Shares are held in book-entry form through DTC and will be redeemed"

A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.

transfer agent financial

"Computershare Trust Company, N.A., is the transfer agent and registrar for the Series H"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, June 12, 2026 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BNY), a global financial services company, today announced that it will redeem all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock (the "Series H Preferred Stock") and all of the corresponding depositary shares ("Depositary Shares"), each representing a 1/100th interest in a share of the Series H Preferred Stock. There are currently 5,825 shares of Series H Preferred Stock and 582,500 Depositary Shares outstanding.

The redemption date for the Series H Preferred Stock and the Depositary Shares will be the dividend payment date on June 20, 2026 (the "Redemption Date") and payment of the Redemption Payment (as defined below) will be made on June 22, 2026, the first business day following the Redemption Date (the "Payment Date"). The redemption price for the Depositary Shares will equal $1,000 per Depositary Share (equivalent to $100,000 per share of Series H Preferred Stock) (the "Redemption Payment"). The Redemption Payment does not include the dividend payment that will be payable on the Payment Date to holders of record on the record date for such dividend payment. On and after the Redemption Date, the Series H Preferred Stock and the Depositary Shares will no longer be deemed outstanding and dividends in respect of the Series H Preferred Stock represented by the Depositary Shares will no longer accrue.

Simultaneously with the redemption of the Series H Preferred Stock, the outstanding Depositary Shares will be redeemed in accordance with the applicable procedures of The Depository Trust Company ("DTC"), for an amount per Depositary Share equal to the Redemption Payment. All Depositary Shares are held in book-entry form through DTC and will be redeemed in accordance with the procedures of DTC.

Computershare Inc. and Computershare Trust Company, N.A., jointly, are the depositary (the "Depositary"), and Computershare Trust Company, N.A., is the transfer agent and registrar for the Series H Preferred Stock and the Depositary Shares. The Depositary's address and telephone number are as follows:

First Class/Registered/Certified
Computershare Trust Company, N.A.
Attn: Corporate Actions, BNY Redemption Series H
150 Royall Street, Suite 101
Canton, MA 02021
1-800-546-5141 or 1-781-575-2765

Investors in the Depositary Shares should contact the bank or broker through which they hold a beneficial interest in the Depositary Shares for information about obtaining the Redemption Payment for the Depositary Shares in which they have a beneficial interest.

About BNY
BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

Contacts:

Media
Anneliese Diedrichs
+1 646 468 6026
anneliese.diedrichs@bny.com 

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bny.com

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SOURCE BNY

FAQ

What is BNY (NYSE: BK) announcing about its Series H preferred stock redemption?

BNY will redeem all Series H Noncumulative Perpetual Preferred Stock and related depositary shares. According to BNY, the full redemption covers 5,825 preferred shares and 582,500 depositary shares, each depositary share representing a 1/100th interest in a Series H preferred share.

What are the key dates for BNY (NYSE: BK) Series H preferred stock redemption in 2026?

The Series H redemption date is June 20, 2026, with payment on June 22, 2026. According to BNY, June 22 is the first business day after the redemption date and is when holders receive the redemption payment and the scheduled dividend.

What is the redemption price for BNY (NYSE: BK) Series H depositary shares?

Each Series H depositary share will be redeemed for $1,000 in cash. According to BNY, this equals $100,000 per share of Series H preferred stock, and the redemption payment is separate from the final dividend payable on the same June 22, 2026 payment date.

How will BNY (NYSE: BK) Series H depositary shareholders receive the redemption payment?

Series H depositary shares are held in book-entry form through DTC and redeemed via DTC procedures. According to BNY, investors should contact the bank or broker holding their beneficial interest to obtain the redemption payment related to their depositary shares.

What happens to BNY (NYSE: BK) Series H dividends after the June 20, 2026 redemption date?

Dividends on Series H preferred stock stop accruing after the redemption date. According to BNY, on and after June 20, 2026, Series H preferred and related depositary shares are no longer deemed outstanding, though a final dividend is still paid on June 22, 2026.

Who is the transfer agent and depositary for BNY (NYSE: BK) Series H preferred stock?

Computershare Trust Company, N.A. serves as transfer agent and registrar, while Computershare and Computershare Trust jointly act as depositary. According to BNY, investors can reach Computershare’s Corporate Actions team at its Canton, Massachusetts address or designated phone numbers for redemption questions.