BNY Mellon Finalizes Elimination of Series H Preferred Stock
BNY sits 69% above its 52-week low of $87.41.
Summary
Bank of New York Mellon announced the formal elimination of its Series H Preferred Stock from its charter, following the redemption of all outstanding shares on June 20, 2026.
Key Events · Financing and Capital Events · BNY
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Preferred Stock Redemption Completed
All outstanding Series H Noncumulative Perpetual Preferred Stock was redeemed on June 20, 2026.
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Charter Amendment Filed
A Certificate of Elimination was filed on June 23, 2026, to formally remove the Series H Preferred Stock designation from the company's Restated Certificate of Incorporation.
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Capital Structure Simplified
This action simplifies the company's capital structure and eliminates future dividend obligations associated with this preferred stock class.
Analysis · BNY · Finance
This 8-K confirms the completion of the previously announced redemption of all Series H Preferred Stock on June 20, 2026. The filing of the Certificate of Elimination formally removes this class of preferred stock from the company's charter, simplifying its capital structure and reducing future dividend obligations.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BNY was trading at $147.29 on NYSE in the Finance sector, with a market capitalization of approximately $101.1B. The 52-week trading range was $87.41 to $148.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.