|
BNY Capital IV, 6 7/8% Trust Preferred Securities, Series E
Ticker Symbol: BK-E* CUSIP: 09656G201 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/26/2012
Security has been Called for: Monday, November 26, 2012
Oct. 26, 2012 -- BNY Mellon today announced that all outstanding 6.875% Trust Preferred Securities, Series E (BKPrE), issued by BNY Capital IV (liquidation amount $25 per security and $200 million in the aggregate) and 5.95% Trust Preferred Securities, Series F (BKPR), issued by BNY Capital V (liquidation amount $25 per security and $350 million in the aggregate) will be redeemed on Monday, November 26, 2012. The redemption price for the 6.875% Trust Preferred Securities, Series E will be equal to $25 per security plus accrued and unpaid distributions up to and excluding the redemption date in the amount of $0.40582. The redemption price for the 5.95% Trust Preferred Securities, Series F will be equal to $25 per security plus accrued and unpaid distributions up to and excluding the redemption date in the amount of $0.10330. The Trust Preferred Securities are held only in book-entry form through The Depository Trust Corporation ("DTC"). DTC will redeem the Trust Preferred Securities in accordance with its procedures and notify the holders. Holders of the Trust Preferred Securities need not take any action to receive payment of the redemption price.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: BNY Capital IV, 6 7/8% Trust Preferred Securities, Series E, liquidation amount $25 per share, guaranteed by The Bank of New York Co., Inc. (NYSE: BK) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 1/25/2004 at $25 per share plus accrued and unpaid dividends, maturing 12/01/2028, distributions of 6 7/8% ($1.71875) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on at the close of business on the 15th day prior to the payment date. Dividends paid by trust preferred securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6 7/8% Junior Subordinated Deferrable Interest Debentures, Series E due 12/01/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (BK)
IPO - 1/19/1999 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $200.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: One Wall Street, New York, NY 10286 |
Main Phone Number |
212-495-1784 |
Fax Number |
212-635-1799 |
Investor Relations
John M. Roy
|
212-635-8005
|
Toll Free Phone Number |
800-432-0140 |
CEO - Thomas A. Renyi |
CFO - Bruce W. Van Saun |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|