Bank of New York Mellon Corp: March 2025 8-K on Preferred Capital Securities Issuance

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

1. Entity Information:

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

2. Securities Information:

• Securities Type: 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities.
• Issuer: Mellon Capital IV (fully and unconditionally guaranteed by The Bank of New York).
• Stock Ticker Symbol: BK for Common Stock on NYSE.
• Preferred Stock Ticker Symbol: BK/P on NYSE.

3. Stock Information:

• Common Stock Par Value: $0.01 per share.

4. Reporting Period:

• Report Date: March 3, 2025.

5. Filing Type:

• Form: 8-K.

6. Additional Identifiers:

• IRS Employer Identification Number: 13-2614959.

Insights:

• The Bank of New York Mellon Corp is actively issuing preferred capital securities, indicating a strategy to raise capital through this financial instrument.
• The fixed-to-floating rate structure of the preferred securities suggests a potential for increased returns as interest rates vary, which could be attractive to investors.
• The presence of a guarantee from The Bank of New York enhances the credit quality of these securities, likely making them appealing to conservative investors seeking income.
• The report is filed under Form 8-K, which typically signals that the company is disclosing significant events or changes, suggesting that this issuance may be part of a broader strategic move or response to market conditions.
• The low par value of the common stock at $0.01 indicates a high number of shares outstanding, which is common for larger financial institutions.

This information would be particularly relevant for investors, analysts, and stakeholders assessing the financial health and capital strategy of Bank of New York Mellon Corp.