Bank of New York Mellon Corp: 2025 8-K Report on Preferred Securities

Based on the provided section of the financial report, here are the key pieces of information and insights extracted:

1. Entity Information:

• Name: Bank of New York Mellon Corp
• CIK Number: 0001390777
• Location: 240 Greenwich Street, New York, NY 10286
• Contact: (212) 495-1784

2. Reporting Period:

• Start Date: January 7, 2025
• End Date: January 7, 2025
• This indicates that the information pertains to a single-day report.

3. Securities Information:

• Security Type: Fixed-to-Floating Rate Normal Preferred Capital Securities
• Issuer: Mellon Capital IV
• Guarantee: Fully and unconditionally guaranteed by The Bank of New York Mellon.
• Dividend Rate: 6.244%

4. Stock Information:

• Common Stock Par Value: $0.01
• Ticker Symbols:
• • Common Stock: BK (NYSE)
  • Preferred Stock: BK/P (NYSE)

5. Filing Information:

• Filing Type: 8-K
• Filing Date: January 7, 2025
• SEC File Number: 001-35651
• IRS Number: 13-2614959

6. Stock Classification:

• The report includes classifications for both Common Stock and Preferred Stock under US GAAP standards.

Insights:

• The Bank of New York Mellon is issuing a fixed-to-floating rate preferred security, which may attract investors seeking income stability with potential for rate adjustments in the future.
• The guaranteed nature of the preferred securities by the bank adds a layer of security for investors, potentially making these securities more attractive.
• The single-day reporting period could indicate a specific event or transaction related to the issuance of these securities or related corporate action.
• The presence of both common and preferred stock indicates a diversified capital structure that could appeal to different types of investors.

Overall, this report provides a snapshot of a financing instrument that could have implications for investors looking at income-generating securities from established financial institutions.