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BNY Mellon to Redeem Trust-Preferred Securities

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Byline: Jackie Stewart Bank of New York Mellon (BK) is the latest bank to announce plans to redeem its outstanding trust-preferred securities. The New York company will repurchase its 6.875% and 5.95% trust-preferred securities with a combined aggregate value of $550 million on Nov. 26, BNY Mellon ...
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