The Bank of New York Mellon Redeems Preferred Stock
Analysis based on 7 articles · First reported Jun 12, 2026 · Last updated Jun 12, 2026
The redemption of preferred stock by BNY Corporation is a positive signal for the company's financial health and capital management, potentially leading to a slight positive sentiment for its stock as it reduces its financial obligations. Investors holding the Series H Preferred Stock and Depositary Shares will receive the redemption payment, which is a neutral event for them as they are receiving the expected value.
BNY Corporation announced the redemption of all outstanding shares of its Series H Noncumulative Perpetual Preferred Stock and corresponding depositary shares. The redemption date is June 20, 2026, with payment on June 22, 2026. The redemption price for the Depositary Shares is $1,000 per share. Computershare Inc. and Computershare Trust Company, N.A. are acting as the depositary and transfer agent, while The Depository Trust Company will handle the book-entry redemption.
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