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Bank of New York Mellon Corp., 5.20% Dep Shares Series C Non-Cumul Perp Pfd Stk
Ticker Symbol: BK-C     CUSIP: 064058209     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bank of New York Mellon Corp., 5.20% Depositary Shares each representing a 1/4000th interest in a share of the Series C Non-Cumulative Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/20/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 5.20% per annum ($1.30 per annum or $0.325 per quarter) will be paid quarterly on 3/20, 6/20, 9/20 & 12/20 to holders of record on the record date that will be the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-24 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
Baa1 / BBB
3/20, 6/20, 9/20 & 12/20
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Goto Parent Company's Record (BK)

IPO - 9/14/2012 - 22.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: BKYKL    Changed: 9/21/12
Market Value $ 550 Million

Company's Online Information Links
HOME PAGE:     http://www.bnymellon.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Contact Form on Website Goto Email Form

Address and Phone Numbers
Address:   One Wall Street, New York, NY 10286
Main Phone Number 212-495-1784
Fax Number 412-236-5461
Investor Relations   Andy Clark 212-635-1803
Toll Free Phone Number Unknown
CEO - Gerald L. Hassell CFO - Thomas P. Gibbons

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