Preferred Stock Channel
Bank of New York Mellon Corp | 6 7/8% Trust Preferred Securities, Series E (BK.PRE)

This preferred is marked as having been called.
Prospectus excerpt:  At the closing of this offering, the Series E Trust will issue the 6 7/8% Trust Preferred Securities, Series E (the "Series E Trust Preferred Securities"), which will represent preferred undivided beneficial interests in the assets of the Series E Trust. It will also issue common securities (the "Series E Common Securities"), which will represent common undivided beneficial interests in the assets of the Series E Trust. The Corporation will purchase all of the Series E Common Securities from the Series E Trust. The Series E Common Securities will equal at least 3% of the total capital of the Series E Trust. The Series E Trust Preferred Securities will equal the remaining capital of the Series E Trust. The Series E Trust Preferred Securities and the Series E Common Securities, together also referred to as the "Series E Securities", will have substantially similar terms, except that the holders of the Series E Trust Preferred Securities will have priority in right of payment under certain circumstances and the holders of Series E Common Securities will have broader voting rights.

Full Prospectus PDF », Secondary Prospectus PDF », BK Page »

Series:E
Alternate symbology:BK-E, BK-PE, BKprE
Redeemable?:Yes
Call Date:1/25/2004 (Now Trading Post Call Date)
Maturity Date:12/1/2028
Cumulative?:Yes
Shares Offered:8,000,000
Liquidation Preference:$25.00
Original Coupon:6.88%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn BK.PRE's Rating
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 »
Name:  Bank of New York Mellon Corp
Website:  www.bnymellon.com
Sector:  Banking & Savings
Number of ETFs Holding BK:  117 (see which ones)
Total Market Value Held by ETFs:  $5,924,410,613.08
Total Market Capitalization:  $42,656,000,000
% of Market Cap. Held by ETFs:  13.89%

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
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Bank of New York Mellon Corp | 6 7/8% Trust Preferred Securities, Series E (BK.PRE) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, 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.