QUANTUMONLINE.COM SECURITY DESCRIPTION:  M&T Bank Corp., 5.0% Depositary Shares, Each Representing a 1/10th Interest in a Share of Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, liquidation preference $1,000 per depositary share, redeemable at the issuer's option on or after 8/1/2024 at $1,000.00 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 5.0% per annum ($50.00 per annum or $25.00 per semi-annual) will be paid Semi-annually on 2/1, & 8/1 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 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid on and after 08/01/2024 will pay a reset rate per annum equal to the five-year U.S. treasury rate as of the most recent reset dividend determination date plus 3.174%, and resetting on the 5th anniversary of the prior reset date. (See prospectus for more details). 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. 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-36 of the prospectus for further information). 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). This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. This security was rated as BB+ by Fitch Ratings Co. 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
	Reset Rate $50.00	$1,000.00 $1,000.00	8/01/2024 None	Baa3 BB+ 6/15/2025	2/1, & 8/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  The 5.0% Series G Depositary shares were issued on 07/24/2019 and the Company does not intend to list them on an exchange. They have been assigned the temporary ticker symbol TEMP09 by QuantumOnline until the unlikely event that they start trading on the NYSE or on the Other OTC market and their ticker symbol is known.

Company's Online Information Links

HOME PAGE:     https://www.mtb.com
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Company's Email Address Links

Email Address

ir@mtb.com

Address and Phone Numbers

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