How will my new directly held common stock appear within the BNY Mellon Equity Holdings application after the reclassification?
BNY Mellon will systematically process the reclassification of directly held class A preferred stock by debiting the individual receipt numbers in each stockholder’s BNY Mellon class A preferred stock account. All shares of class A preferred stock held in your account will be reclassified as common stock and credited as a lump sum balance of shares into a BNY Mellon common stock account and/or credited into a newly created ESPP account for you. If you do not currently have a BNY Mellon common stock account, one will be created for you. Transaction origin and cost basis information will not be available for the shares of common stock issued as a result of the reclassification and deposited as a lump sum share balance into your common stock account. Please see Questions 25-28 for information on understanding and reconciling your account.
