BNY Mellon (NYSE: BNY) calls Series H preferred stock and Depositary Shares
Rhea-AI Filing Summary
The Bank of New York Mellon Corporation will redeem all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and the related depositary shares. There are 5,825 preferred shares and 582,500 Depositary Shares outstanding.
The redemption date will be June 20, 2026, with cash payment of the $1,000 per Depositary Share redemption price made on June 22, 2026. After the redemption date, these securities will no longer be outstanding and dividends on the Series H Preferred Stock represented by the Depositary Shares will stop accruing.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Series H preferred shares outstanding: 5,825 shares
Depositary Shares outstanding: 582,500 Depositary Shares
Redemption price per Depositary Share: $1,000 per Depositary Share
+5 more
8 metrics
Series H preferred shares outstanding
5,825 shares
Outstanding Series H Noncumulative Perpetual Preferred Stock to be redeemed
Depositary Shares outstanding
582,500 Depositary Shares
Each represents 1/100th of a Series H preferred share
Redemption price per Depositary Share
$1,000 per Depositary Share
Cash Redemption Payment for each Depositary Share
Redemption price per preferred share
$100,000 per preferred share
Equivalent value per share of Series H Preferred Stock
Assets under custody/administration
$59.4 trillion
Assets under custody and/or administration as of March 31, 2026
Assets under management
$2.1 trillion
Assets under management as of March 31, 2026
Redemption Date
June 20, 2026
Date on which Series H preferred and Depositary Shares are redeemed
Payment Date
June 22, 2026
Business day when Redemption Payment will be made
Key Terms
Noncumulative Perpetual Preferred Stock, Depositary Shares, Redemption Date, assets under custody and/or administration, +2 more
6 terms
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.
Redemption Date financial
"on June 20, 2026 (the “Redemption Date”)"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
assets under custody and/or administration financial
"BNY oversees $59.4 trillion in assets under custody and/or administration"
Assets under custody and/or administration are the financial holdings a bank or services firm physically safeguards (custody) or keeps track of and manages paperwork for (administration) on behalf of clients. Think of custody as a secure vault holding valuables and administration as the record-keeper who tallies transactions and handles statements. Investors watch this number because larger balances usually mean steady fee income, scale advantages and market trust, while declines can signal revenue pressure or client flight.
assets under management financial
"and $2.1 trillion in assets under management"
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
Depository Trust Company financial
"will be redeemed in accordance with the applicable procedures of The Depository Trust Company"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BNY (BNY) announce about its Series H preferred stock?
BNY announced it will redeem all Series H preferred stock and related Depositary Shares. The company plans to call 5,825 Series H preferred shares and 582,500 Depositary Shares, fully retiring this preferred class and ending future dividends on these securities after the redemption date.
When is the redemption and payment date for BNY (BNY) Series H preferred stock?
The redemption date is June 20, 2026, with payment on June 22, 2026. June 20 is the dividend payment date and marks when the securities cease to be outstanding, while the cash Redemption Payment will be delivered on the next business day.
Will BNY (BNY) continue paying dividends on the Series H preferred stock after redemption?
No, dividends on the Series H preferred stock will stop after the redemption date. Once the Series H preferred shares and related Depositary Shares are redeemed, they will no longer be deemed outstanding and dividend accrual on those securities will end.
How large is BNY’s business in terms of assets under custody and management?
BNY oversees $59.4 trillion in assets under custody or administration and $2.1 trillion in assets under management. These figures, reported as of March 31, 2026, highlight the company’s significant scale across global financial markets and client segments.