Recent Updates — BNY-PK

The Bank of New York Mellon Corporation issued Series N Noncumulative Perpetual Preferred Stock with a liquidation preference of $100,000 per share. The issuance of these shares, via 500,000 depositary shares, through an underwriting agreement with several major investment banks, may restrict the company's ability to pay dividends on common stock or junior ranking shares if Series N dividends are unpaid. The Bank of New York Mellon Corporation is a global financial services company providing investment and asset management services.