Wells Fargo issues $1.725B of 7.625% Fixed Rate Reset Preferred Stock, Series EE

On July 20, 2023, the Company filed with the Delaware Secretary of State a Certificate of Designation which, effective upon filing, designated a series of such Preferred Stock as "7.625% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series EE," authorized 69,000 shares of Non-Cumulative Perpetual Class A Preferred Stock, Series EE, without par value and with a liquidation preference amount of $25,000 per share (referred to herein as the "Series EE Preferred Stock"), and set forth the voting powers, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, of the Series EE Preferred Stock which are not fixed by the Company's Restated Certificate of Incorporation.