NEW YORK, Jan. 19, 2017 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY Mellon"), today announced that
all outstanding 6.369% Preferred Securities issued by Mellon
Capital III (liquidation amount £50,000 per security and
£200,000,000 in the aggregate) will be redeemed on March 20, 2017. The redemption price for the
6.369% Preferred Securities will be equal to £50,000 per security
plus accumulated and unpaid distributions up to and excluding the
redemption date in the amount of £467.388465.
The Preferred Securities are held only in book-entry form
through Euroclear Bank S.A./N.V. as operator of the Euroclear
System and Clearstream Banking, société anonyme. Citibank, N.A., as
principal paying agent will redeem the Preferred Securities in
accordance with its procedures and notify the holders. Holders of
the Preferred Securities need not take any action to receive
payment of the redemption price.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of December 31, 2016, BNY Mellon had $29.9 trillion in assets under custody and/or
administration, and $1.6 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at bnymellon.com. Follow us on Twitter @BNYMellon
or visit our newsroom at www.bnymellon.com/newsroom for the latest
company news.
Media
Ligia Braun
+ 1 212 635 8588
ligia.braun@bnymellon.com
Louisa Bartoszek
+44 20 7163 2826
louisa.bartoszek@bnymellon.com
Analysts
Valerie
Haertel
+1 212 635 8529
valerie.haertel@bnymellon.com
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SOURCE BNY Mellon