July 10, 2024 -- M&T Bank Corporation (“M&T”) announced it has elected to redeem all outstanding shares of its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, par value $1.00 per share (the “Series E Preferred Stock”). There are currently 350,000 issued and outstanding shares of Series E Preferred Stock (CUSIP No. 55261FAG9). Shares of the Series E Preferred Stock will be redeemed on August 15, 2024 (the “Redemption Date”) at a redemption price of $1,000 per share, plus all accrued and unpaid dividends from, and including, May 15, 2024, to, but excluding, the Redemption Date (the “Redemption Price”). On and after the Redemption Date, shares of the Series E Preferred Stock will no longer be deemed outstanding, no further dividends will be declared or accrue on such shares, and all rights with respect to such shares will cease and terminate, except the right of the holders thereof to receive the Redemption Price. A notice of redemption provided to the holders of shares of the Series E Preferred Stock specifies the terms, conditions and procedures for the redemption. June 14, 2023 -- M&T Bank Corporation (NYSE: MTB, M&T) announced today that CME Term SOFR will be the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities, preferred stock, and trust preferred securities issued by M&T and certain of its subsidiaries that use three-month U.S. dollar LIBOR as the reference rate and that are governed by U.S. law or the law of a U.S. state. This will be effective after June 30, 2023. The issuer does not intend to apply to list the Preferred Stock on any securities exchange or include the Preferred Stock on any automated quotation system.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  M&T Bank Corp., 6.45% Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, liquidation preference $1,000 per share, redeemable at the issuer's option on or after 2/15/2024 at $1,000 per share plus declared and unpaid dividends, and with no stated maturity. Fixed Non-Cumulative distributions of 6.45% per annum ($64.50 per annum or $32.25 per semi-annual) will be paid semi-annually on 2/15 & 8/15 to holders of record on the record date that will be the 15th day prior to the payment date or 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 one business day prior to the record date). On and after 2/15/2024 distributions will be paid at a floating rate equal to three-month LIBOR 3-month CME Term SOFR rate plus a spread adjustment of 0.26161% plus a spread of 3.610% per annum, payable quarterly on 2/15, 5/15, 8/15 & 11/15. 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 which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). 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-29 of the prospectus for further information). This security was rated as Baa2 by Moody’s and BBB by S&P at the date of its IPO. 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.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
	FixFloat $64.50	$1,000.00 $1,000.00	Called for 8/15/2024 None	Baa1 BB+ 4/23/2023	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Address:   One M&T Plaza, Buffalo, NY 14203
Main Phone Number	716-635-4000
Fax Number	716-842-5489
Investor Relations   Brian Klock	716-842-5138
Toll Free Phone Number	800-724-2440

CEO - René F. Jones

CFO - Daryl Bible