BNY — Who's Buying and Selling (13F)

BNY (Bank of New York Mellon) is issuing a new series of preferred stock called Series N Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share, starting July 23, 2026. The key catch: if BNY ever fails to declare and pay dividends on these preferred shares, it won't be allowed to pay dividends on its common stock or buy back junior shares until that preferred dividend is made good. This is a standard protective provision for preferred shareholders.

Bank of New York Mellon (BNY) released its financial results for the second quarter of 2026 on July 15, 2026, for the period ended June 30, 2026. The earnings release and financial supplement are attached as exhibits to this Form 8-K.