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0.00574901445466494 0.00574901445466494 0.00574901445466494 0.00574901445466494 -0.00131406044678052 0.000328515111695189 -0.00312089356110377 0.0032030223390276
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Wells Fargo & Company Announces Full Redemption of its Series S Preferred Stock and Related Depositary Shares

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2024 (which, due to the occurrence of a non-business day, will shift to June 17, 2024), it will redeem all 80,000 outstanding shares (the “Redeemed Series S Preferred Shares”) of its 5.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series S (the “Series S Preferred Stock”). The redemption of the Redeemed Series S Preferred Shares will trigger the redemption of the 2,000,000 outstanding shares of the related depositary shares (the “Redeemed Series S Depositary Shares”), each representing a 1/25 interest in a share of Series S Preferred Stock (the “Series S Depositary Shares”). The redemption price will be equal to $25,000.00 per Redeemed Series S Preferred Share and $1,000.00 per Redeemed Series S Depositary Share. After giving effect to the redemption, no shares of the Series S Preferred Stock or the Series S Depositary Shares will remain outstanding.Thi Show less Read more
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