BNY Mellon Shareowner Services Launches Mobile Proxy Voting Service

New offering allows issuer clients to extend proxy voting to smartphones, tablets and other mobile devices

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Oct 05, 2011, 08:11 ET

JERSEY CITY, N.J., Oct. 5, 2011 /PRNewswire/ -- BNY Mellon Shareowner Services today announced the launch of its Mobile Proxy Voting service, which allows client companies to extend electronic proxy voting to smartphones, tablets, and other Web-connected mobile devices.

Debuting on October 1, Mobile Proxy Voting is the first in a series of products being launched as part of Shareowner Services' overall mobile proxy strategy. Additional mobile services will be added later this year addressing Securities and Exchange Commission Notice & Access hosting requirements for public companies, with shareowners being able to access and review annual reports, proxy statements and other shareholder communications on their mobile devices.

BNY Mellon Shareowner Services managed more than 600 annual meetings on behalf of corporate issuers during the most recent annual meeting season, and processed more than one million shareowner votes. Approximately a third of these votes were cast electronically, setting the stage for voting via mobile devices as the next logical step in the evolution of proxy voting.

"Giving investors the option of using their mobile device makes proxy voting more convenient, and thereby increases and facilitates shareholder participation," said Kevin Brennan, managing director and head of sales, marketing and communications for Shareowner Services. "The prospect of providing this enhanced shareowner-friendly experience at no additional cost is sure to attract widespread interest on the part of our issuer clients."

BNY Mellon Shareowner Services is a leading provider of equity solutions for nearly 1,000 corporate issuers and closed-end funds and administers employee stock plans. BNY Mellon Shareowner Services offers a broad suite of products and services ranging from transfer agency and corporate actions to demutualization processing, dividend reinvestment plan administration, meeting services and employee plan administration. More information about BNY Mellon Shareowner Services is available at www.bnymellon.com/shareownerservices.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.

SOURCE BNY Mellon