Wells Fargo & Company Announces Full Redemption of Series U Preferred Stock and Depositary Shares

Reuters2025-05-14

Wells Fargo & Company Announces Full Redemption of Series U Preferred Stock and Depositary Shares

Wells Fargo & Company has announced the full redemption of its Series U Preferred Stock and related depositary shares. Scheduled for June 16, 2025, the redemption will involve the 80,000 outstanding shares of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U. This action will also result in the redemption of 2,000,000 associated depositary shares, each representing a 1/25 interest in a share of the Series U Preferred Stock. The redemption prices are set at $25,000 per preferred share and $1,000 per depositary share. Regular quarterly dividends will be paid separately to holders of record as of May 30, 2025. All necessary regulatory requirements for this redemption have been fulfilled.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250514614959) on May 14, 2025, and is solely responsible for the information contained therein.

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Scheduled for June 16, 2025, the redemption will involve the 80,000 outstanding shares of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U. This action will also result in the redemption of 2,000,000 associated depositary shares, each representing a 1/25 interest in a share of the Series U Preferred Stock. The redemption prices are set at $25,000 per preferred share and $1,000 per depositary share. Regular quarterly dividends will be paid separately to holders of record as of May 30, 2025. All necessary regulatory requirements for this redemption have been fulfilled.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via Business Wire (Ref. 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