Printer Friendly

MELLON BANK CORPORATION TO REDEEM SERIES C-2 PREFERRED STOCK

 MELLON BANK CORPORATION TO REDEEM SERIES C-2 PREFERRED STOCK
 PITTSBURGH, Sept. 16 /PRNewswire/ -- Mellon Bank Corporation (NYSE: MEL) announced today that its Series C-2 preferred stock will be redeemed on Nov. 16, 1992, at a redemption price of $100 per share.
 Because Nov. 16, 1992, is also the regular dividend payment date, there will be no additional accrued dividends paid at redemption.
 Official notice, together with the instructions for the redemption, will be mailed to the registered holders of the Series C-2 preferred stock. The $55 million of outstanding series C-2 preferred stock carries an annual fixed dividend of $8.75 per share until Nov. 16, 1992. The Series C-2 preferred stock was issued in 1987.
 With assets of approximately $30 billion, Mellon Bank Corporation is a major superregional bank holding company. Through its subsidiaries, it provides wholesale, middle market and retail banking, as well as numerous service products including trust and investment, cash management, and financial data processing.
 -0- 9/16/92
 /CONTACT: Charles M. Johnston, analysts, 412-234-5601, or J.T. Tuskan, media, 412-234-0850, both of Mellon Bank/
 (MEL) CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU:


CD -- PG002 -- 9936 09/16/92 08:15 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 16, 1992
Words:198
Previous Article:LIEBERT TAPS LOEB ELECTRIC AS SUPPLIER OF THE YEAR
Next Article:JACOBS AWARDED MAJOR ENVIRONMENTAL CLEANUP PROJECT AT DOE'S ROCKY FLATS PLANT
Topics:


Related Articles
FIRST UNION CORPORATION REDEEMS $50 MILLION OF CLASS A PREFERRED STOCK
CITIZENS FEDERAL BANK REDEEMS $44.5 MILLION OF PREFERRED STOCK; DIVIDEND COSTS WILL BE REDUCED BY MORE THAN $2 MILLION PER YEAR
KEYCORP ANNOUNCES REDEMPTION OF CLASS A CUMULATIVE PREFERRED STOCK
CALIFORNIA FEDERAL BANK TO REDEEM ITS SERIES A PREFERRED STOCK
Mellon Bank Corporation To Redeem Series I Preferred Stock
Banco Santander Puerto Rico Announces Redemption of the 7% Non-commulative Perpetual Monthly Income Preferred Shares, Series A.
Astoria Financial Corporation Announces Redemption of Its 12% Noncumulative Perpetual Preferred Stock, Series B.
First Virginia Announces Redemption of All Preferred Shares.
MBNA Corporation Announces Redemption of Its 7-1/2% Cumulative Preferred Stock, Series A and Its Adjustable Rate Cumulative Preferred Stock, Series B.
R&G Financial Corporation Announces Completion of Restatement Process.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters