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BNY Mellon Announces Public Offering of Depositary Shares Representing Interests in Preferred Stock



    BNY Mellon Announces Public Offering of Depositary Shares Representing
                         Interests in Preferred Stock

PR Newswire

NEW YORK, May 10, 2013

NEW YORK, May 10, 2013 /PRNewswire/ -- BNY Mellon today announced an
underwritten public offering of depositary shares, each representing a
1/100^th interest in a share of its Series D Noncumulative Perpetual Preferred
Stock, with a liquidation preference of $100,000 per share (equivalent to
$1,000 per depositary share). Credit Suisse Securities (USA) LLC, Deutsche
Bank Securities Inc., Goldman, Sachs & Co., UBS Securities LLC and BNY Mellon
Capital Markets, LLC will serve as joint book-running managers for the
offering.

The Company intends to use a portion of the net proceeds from the sale of the
depositary shares to redeem the $300 million liquidation amount of 7.78%
Capital Securities of BNY Institutional Capital Trust A, which are mandatorily
redeemable on December 1, 2026.  The Company expects to use any remaining net
proceeds for general corporate purposes, which may include repurchasing
outstanding shares of the Company's common stock, repayment of maturing
obligations and refinancing of outstanding indebtedness (including by
repurchase or redemption of the Company's debt securities and trust preferred
securities) and extending credit to, or funding investments in, the Company's
subsidiaries.

BNY Mellon has filed a shelf registration statement (including a prospectus)
and a preliminary prospectus supplement relating to this offering with the
Securities and Exchange Commission (the "SEC").  Prospective investors should
read the registration statement (including the base prospectus), the
preliminary prospectus supplement and other documents the Company has filed
and will file with the SEC that are incorporated by reference into the
Registration Statement for more complete information about the Company and the
offering, including the risks associated with the securities and the
offering.  This press release does not constitute an offer to sell or the
solicitation of any offer to buy securities of the Company, nor shall there be
any offer or sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.  The offering will be made only by
means of a prospectus supplement and accompanying base prospectus.  Copies of
the registration statement, the preliminary prospectus supplement and other
documents that the Company has filed with the SEC that are incorporated by
reference into the Registration Statement are available at no charge by
visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, a copy of
the prospectus supplement and accompanying base prospectus relating to these
securities can be obtained by contacting Credit Suisse Securities (USA) LLC, 
by calling 1-800-221-1037, or by mail at One Madison Avenue, New York, NY
10010, attention: Prospectus Department or by e-mail:
newyork.prospectus@credit-suisse.com; or Deutsche Bank Securities Inc., by
calling 1-800-503-4611, or by mail at 60 Wall Street, New York, New York
10005-2836, attention: Prospectus Group, or by e-mail at
prospectus.CPDG@db.com; or Goldman, Sachs & Co., by calling 866 471-2526, or
by mail at 200 West Street, New York, NY 10282, attention: Prospectus
Department, or by e-mail at prospectus-ny@ny.email.gs.com; or UBS Securities
LLC, by calling 877-827-6444, ext. 561 3884, or by mail at 299 Park Avenue,
New York, NY 10171 attention: Prospectus Specialist; or BNY Mellon Capital
Markets, LLC, by calling 1-800-269-6864, or by mail at 32 Old Slip, 16th
Floor, New York, NY 10286, attention: Debt Capital Markets, or by e-mail at
dan.klinger@bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients
manage and service their financial assets throughout the investment lifecycle.
Whether providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment management and
investment services in 36 countries and more than 100 markets. As of March 31,
2013, BNY Mellon had $26.3 trillion in assets under custody and/or
administration, and $1.4 trillion in assets under management. BNY Mellon can
act as a single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). 

The information presented in this press release may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995.  These statements may be expressed in a variety of ways, including
the use of future or present tense language, and relate to, among other
things, the Company's expectations with respect to the proposed offering. 
These statements are based upon current beliefs and expectations and are
subject to significant risks and uncertainties (some of which are beyond the
Company's control).  Factors that could cause the Company's results to differ
materially can be found in the risk factors set forth in the Company's Annual
Report on Form 10-K for the year ended December 31, 2012 and the Company's
other filings with the SEC.  Such forward-looking statements speak only as of
the date of this press release.  The Company expressly disclaims any
obligation to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in its expectations with
regard thereto or change in events, conditions or circumstances on which any
statement is based.

SOURCE BNY Mellon

Contact: Ron Gruendl, +1 412 234 7157, ron.gruendl@bnymellon.com
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