The Bank of New York Mellon Corporation ("BNY Mellon"), today announced that all outstanding 6.369% Preferred Securities issued by Mellon Capital III (liquidation amount £50,000 per security and £200,000,000 in the aggregate) will be redeemed on March 20, 2017. The redemption price for the 6.369% Preferred Securities will be equal to £50,000 per security plus accumulated and unpaid distributions up to and excluding the redemption date in the amount of £467.388465.
The Preferred Securities are held only in book-entry form through Euroclear Bank S.A./N.V. as operator of the Euroclear System and Clearstream Banking, société anonyme. Citibank, N.A., as principal paying agent will redeem the Preferred Securities in accordance with its procedures and notify the holders. Holders of the Preferred Securities need not take any action to receive payment of the redemption price.