The Bank of New York Mellon Appointed Trustee, Registrar and Paying Agent For Metropolitan...

The Bank of New York Mellon Appointed Trustee, Registrar and Paying Agent For
Metropolitan Transportation Authority's $750 Million Build America Bond Issue

NEW YORK, May 11 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:
BK) has been appointed trustee, registrar and paying agent for Metropolitan
Transportation Authority's (MTA) $750 million Build America Bond Issue. Build
America Bonds provide state and local governmental entities with
federal-subsidized funding at lower borrowing costs.

In its role, The Bank of New York Mellon will provide a variety of services
for the debt issue, including processing principal and interest payments and
maintaining bondholder records.

"This mandate for New York's MTA reflects a key element of our business
strategy in which we continuously upgrade our service offerings to accommodate
new classes of securities," said Troy Kilpatrick, managing director and head
of the Corporate and Municipal Finance Group within the company's Global
Corporate Trust business. "The success of Build America Bond issuances is
helping our municipal clients finance the rebuilding of our country's
infrastructure, and we're committed to outperformance in providing support for
these vital initiatives."

The Bank of New York Mellon's corporate trust business services more than $11
trillion in outstanding debt from 57 locations around the world. It services
all major debt categories, including corporate and municipal debt,
mortgage-backed and asset-backed securities, derivative securities and
international debt offerings. The bank does not compete with investment banks
and deal arrangers, which allows it to provide issuers, investors, borrowers
and lenders with an independent and objective service for their transactions.

Corporate trust providers are appointed by corporations, municipal governments
and other entities issuing debt to perform a variety of duties, including
servicing and maintaining the debt issue, processing principal and interest
payments for investors, representing investors in defaults, and providing
value-added services for complex debt structures.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, and processes global payments averaging $1.8 trillion per day.
Additional information is available at
www.bnymellon.com.

SOURCE The Bank of New York Mellon Corporation

Kevin Heine, +1-212-635-1590, kevin.heine@bnymellon.com