On September 3, 2025, The Bank of New York Mellon Corporation (the “Company”) announced the launch of a proposed public offering (the “Offering”) of depositary shares, each representing a 1/100th interest in a share of its new series of Series L Noncumulative Perpetual Preferred Stock (the “Depositary Shares”). The Offering is subject to pricing, which has not yet occurred. If the Offering is priced and proceeds to closing, the Company intends to use the net proceeds from the sale of the Depositary Shares for general corporate purposes, which may include, but is not limited to, the redemption of its Series H Noncumulative Perpetual Preferred Stock, $100,000 liquidation preference per share (the “Series H Preferred Stock”), on the dividend payment date in March 2026.
The Company also expects, but is not obligated to, redeem some or all of its outstanding Series G Noncumulative Perpetual Preferred Stock, $100,000 liquidation preference per share (the “Series G Preferred Stock”), on the dividend payment date in September 2025.
The pricing of the Offering and whether a redemption of the Series G Preferred Stock or Series H Preferred Stock will occur, is subject to market conditions and other considerations. There is no assurance that the Offering will price and close or that the Company will decide to redeem the Series G Preferred Stock or the Series H Preferred Stock, or, if it does, the amount to be redeemed and the timing of the redemption. This Current Report on Form 8-K does not constitute a notice of redemption with respect to the Series G Preferred Stock or the Series H Preferred Stock. If the Company decides to redeem the Series G Preferred Stock or the Series H Preferred Stock, it intends to announce its decision by press release and an appropriate notice of redemption during the applicable notice window.
The Offering is described in the Company’s preliminary prospectus supplement dated September 3, 2025, filed with the Securities and Exchange Commission today.
This Current Report on Form 8-K does not constitute an offer to sell the Depositary Shares.
Cautionary Note on Forward-Looking Statements
The information contained in this Current Report on Form 8-K contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company’s expectations regarding the completion of, and the use of proceeds from, the Offering, and the redemption of the Series G Preferred Stock and the Series H Preferred Stock. These statements are based upon the Company’s current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the Company’s control). Actual outcomes may differ materially from those expressed or implied as a result of risks and uncertainties, including, but not limited to, the risk factors and other uncertainties set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. All statements in this Current Report on Form 8-K speak only as of the date of this filing, and the Company undertakes no obligation to update the information to reflect events or circumstances that arise after that date or to reflect the occurrence of unanticipated events.
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