Shareholders of The Bank of New York Company, Inc. (BK) approved a proposed merger between BK and Mellon Financial Corporation (MEL). Pursuant to the terms of the merger, each share of BK Common Stock outstanding immediately prior to the consummation of the merger will be converted into the right to receive 0.9434 of a share of a newly formed company, The Bank of New York Mellon Corporation. The merger is expected to become effective on Sunday, July 1, 2007.  If the Merger is, in fact, completed on July 1, 2007 then The Bank of New York Company, Inc. contract adjustment would be effective for Monday, July 2, 2007. This corporate action will be coordinated with the Options Clearing Corporation.

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