We will pay dividends on the Series C Preferred Stock only when, as and if declared by our board of directors (or a duly authorized committee of the board) and to the extent that we have legally available funds to pay dividends. Dividends will accrue and be payable on the liquidation amount of $100,000 per share of the Series C Preferred Stock in arrears at 5.200% per annum, on March 20, June 20, September 20 and December 20 of each year, commencing December 20, 2012. Payment of dividends on the Series C Preferred Stock is subject to certain legal, regulatory and other restrictions as described elsewhere in this prospectus supplement.
We may, at our option, redeem the shares of Series C Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date (as that term is defined elsewhere in this prospectus supplement) on or after the dividend payment date in September 2017, or (ii) in whole but not in part at any time within 90 days following a Regulatory Capital Treatment Event (as defined elsewhere in this prospectus supplement), in each case at a cash redemption price of $100,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date. If we redeem the Series C Preferred Stock, the depositary will redeem a proportionate number of depositary shares. The Series C Preferred Stock will not have any voting rights except as described elsewhere in this prospectus supplement.
Full Prospectus PDF », Secondary Prospectus PDF », BK Page »
|
Bank of New York Mellon divides its businesses into two business segments, Investment Services and Investment and Wealth Management. Co. also has an Other segment, which includes the leasing portfolio, corporate treasury activities, derivatives and other trading activity, corporate and bank-owned life insurance, renewable energy and other corporate investments and certain business exits. Co.'s two principal U.S. banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. Co.'s two principal U.S. banking subsidiaries are: The Bank of New York Mellon and BNY Mellon, National Association. Preferreds: BK.PRE, BK.PRF, BK.PRC Open the BK Information Page » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|