AI English summary of an SEC filing — figures as filed
BNY Mellon BNYBNY Mellon said it filed a Certificate of Designations with the Secretary of State of Delaware on March 4, 2026 to establish the preferences, limitations and relative rights of the Series M Preferred Stock, and the Certificate became effective upon filing.
Key points
AI summaryBNY Mellon said it filed a Certificate of Designations with the Secretary of State of Delaware on March 4, 2026 to establish the preferences, limitations and relative rights of the Series M Preferred Stock, and the Certificate became effective upon filing.
The company said it issued Series M Noncumulative Perpetual Preferred Stock on March 5, 2026, with a liquidation preference of $100,000 per share and a par value of $0.01 per share.
BNY Mellon said that following the issuance of the Series M Preferred Stock, if it does not declare and pay (or set aside) dividends on the Series M Preferred Stock for the last preceding dividend period, its ability to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock or any shares that rank junior to the Series M Preferred Stock will be subject to certain restrictions.
The company said it entered into an Underwriting Agreement on February 26, 2026 with Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and BNY Mellon Capital Markets, LLC as underwriters, relating to the public offering of 500,000 depositary shares, each representing a 1/100th interest in a share of the Series M Preferred Stock.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Certificate of Designations for Series M Preferred Stock Filed
BNY Mellon said it filed a Certificate of Designations with the Secretary of State of Delaware on March 4, 2026 to establish the preferences, limitations and relative rights of the Series M Preferred Stock, and the Certificate became effective upon filing.
Source · Based on the filing body and exhibits
Series M Preferred Stock Issuance and Liquidation Preference
The company said it issued Series M Noncumulative Perpetual Preferred Stock on March 5, 2026, with a liquidation preference of $100,000 per share and a par value of $0.01 per share.
Source · Based on the filing body and exhibits
Restrictions on Common Stock Dividends and Acquisitions if Series M Dividends Not Paid
BNY Mellon said that following the issuance of the Series M Preferred Stock, if it does not declare and pay (or set aside) dividends on the Series M Preferred Stock for the last preceding dividend period, its ability to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock or any shares that rank junior to the Series M Preferred Stock will be subject to certain restrictions.
Source · Based on the filing body and exhibits
500,000 Depositary Shares Public Offering and Underwriting Agreement
The company said it entered into an Underwriting Agreement on February 26, 2026 with Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and BNY Mellon Capital Markets, LLC as underwriters, relating to the public offering of 500,000 depositary shares, each representing a 1/100th interest in a share of the Series M Preferred Stock.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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