BNY to Redeem $1B Series F Preferred Stock on Sept 20
BNY sits 61% above its 52-week low of $99.67.
Summary
BNY will redeem $1 billion of Series F preferred stock on September 20, 2026, reducing preferred equity and dividend costs.
Key Events · Financing and Capital Events · BNY
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Series F Preferred Redemption
All 10,000 shares of Series F Noncumulative Perpetual Preferred Stock and 1,000,000 depositary shares will be redeemed at $1,000 per depositary share, totaling $1 billion.
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Redemption Date and Payment
The redemption date is September 20, 2026, with payment on September 21, 2026. Dividends on Series F will cease accruing after the redemption date.
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Capital Management Context
This follows the redemption of Series H preferred stock in June 2026, indicating ongoing optimization of BNY's capital structure.
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Financial Impact
The redemption reduces preferred equity by $1 billion and eliminates associated dividend payments, potentially improving common equity metrics.
Analysis · BNY · Finance
A $1 billion preferred stock redemption is set for September 20, 2026, as BNY moves to retire all outstanding Series F Noncumulative Perpetual Preferred Stock and its corresponding depositary shares. The redemption price is $1,000 per depositary share, covering 1,000,000 depositary shares. This capital management action reduces preferred equity and the associated dividend obligations, following a similar redemption of Series H preferred stock in June 2026. Payment is scheduled for September 21, 2026.
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 $160.03 on NYSE in the Finance sector, with a market capitalization of approximately $108.4B. The 52-week trading range was $99.67 to $165.69. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.