BNY to Redeem All Outstanding Series H Preferred Stock

The Bank of New York Mellon Corporation is pulling its Series H Noncumulative Perpetual Preferred Stock from the market, announcing the full redemption of 5,825 preferred shares and their corresponding 582,500 depositary shares. The move marks a clean exit for the specific financial instrument, effective late June 2026.

The redemption process is scheduled for June 20, 2026, with the actual payout following on June 22. Investors will receive $1,000 for each depositary share, which represents a 1/100th interest in a single share of Series H stock. This payment excludes the final dividend, which will be handled separately for shareholders of record.

Once the redemption date passes, these shares will no longer be considered outstanding, and dividend accruals will cease. The process will be managed through The Depository Trust Company, where all shares are currently held in book-entry form. Investors seeking to claim their redemption payment should direct inquiries to their respective brokers or banks rather than the company itself. Computershare remains the designated registrar for the transaction, overseeing the administrative closure of the series.