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

$BK
Form 8-K
Filed on: 2025-03-10
Source
Bank of New York Mellon Corp: March 2025 8-K Report on Preferred Capital Securities

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

  1. Entity Information:
  • Company Name: Bank of New York Mellon Corp
  • CIK: 0001390777
  • Address: 240 Greenwich Street, New York, NY 10286
  • Phone: (212) 495-1784
  • NYSE Ticker Symbols: BK (Common Stock), BK/P (Preferred Stock)
  1. Securities Information:
  • Type of Security: Fixed-to-Floating Rate Normal Preferred Capital Securities
  • Specific Security: 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
  • Guarantee: Fully and unconditionally guaranteed by The Bank of New York
  1. Stock Classification:
  • Common Stock:
    • Par Value: $0.01
  • Preferred Stock:
    • Class: Preferred Stock Member
  1. Reporting Context:
  • Filing Date: March 7, 2025
  • Period Covered: The report context spans from March 7, 2025, to March 7, 2025, indicating it may be a single-day report or a snapshot of the company's financial status on that day.
  • SEC Filing Type: The reference to "8-K" indicates this is a Current Report, typically used to disclose material events or corporate changes.
  1. Financial Insights:
  • The presence of preferred capital securities suggests a strategy to raise capital while providing certain benefits to investors through fixed-to-floating interest rates.
  • The guarantee by The Bank of New York indicates a level of security for investors, which could enhance investor confidence.

This report may reflect key developments or changes in the company's capital structure or financial condition, and the type of securities issued could influence the company's leverage and cost of capital.