Preferred Stock Channel
Quotes delayed 20 minutes


Buy (2.69 out of 4)
24th percentile
(ranked lower than approx. 76% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
www.valueforum.com/7/
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Monday, January 25, 11:04 AM

Slide #504. BNY Mellon Preferred Stock Offering

Company: BNY Mellon (NYSE:BK)
Date announced: 9/12/2012
Underwriters: BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan and BNY Mellon Capital Markets, LLC
Shares Offered: 22,000,000
Date of Pricing: 9/12/2012
Price Per Share: $25
Preferred Stock Offering Details: BNY Mellon today announced an underwritten public offering of depositary shares, each representing a 1/4,000th interest in a share of its Series C Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $25 per depositary share). BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan and BNY Mellon Capital Markets, LLC will serve as joint book-running managers for the offering. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments. - update 9/12/12 - BNY Mellon announced that it priced an underwritten public offering of 22,000,000 depositary shares ($550 million of aggregate public offering price), each representing a 1/4,000th interest in a share of its Series C Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $25 per depositary share), at a public offering price of $25 per depositary share. Dividends will accrue and be payable on the liquidation amount of $100,000 per share of the Series C preferred stock in arrears at 5.20% per annum only when, as and if declared by the board of directors of BNY Mellon (or a duly authorized committee of the board) and to the extent that BNY Mellon has legally available funds to pay dividends. BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan and BNY Mellon Capital Markets, LLC served as joint book-running managers for the offering, and Barclays and Deutsche Bank Securities served as co-managers of the offering. The offering is expected to close on September 19, 2012.

Bank of New York Mellon divides its businesses into two business segments, Investment Services and Investment 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 investments and business exits. Co.'s two principal United States banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. Co. has four other United States bank and/or trust company subsidiaries concentrating on trust products and services across the United States.

Preferreds: BK.PRE, BK.PRF, BK.PRC


Open the BK Page at Preferred Stock Channel »

Name:  Bank of New York Mellon Corp
Website:  www.bnymellon.com
Sector:  Banking & Savings
Number of ETFs Holding BK:  108 (see which ones)
Total Market Value Held by ETFs:  $3,796,546,063.2
Total Market Capitalization:  $37,448,000,000
% of Market Cap. Held by ETFs:  10.14%
 

Open the BK Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 504 of 520 | www.PreferredStockChannel.com | Copyright © 2011 - 2021, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.