other material
confidence high
sentiment neutral
materiality 0.30
Wells Fargo to redeem all 33,600 Series R Preferred shares on March 15, 2024
WELLS FARGO & COMPANY/MN
- Wells Fargo will redeem all 33,600 outstanding Series R Preferred shares on March 15, 2024.
- Redemption price: $25,000 per preferred share; $25.00 per depositary share (NYSE: WFC.PRR).
- After redemption, no shares of Series R Preferred or related depositary shares will remain outstanding.
- Regular quarterly dividend will be paid separately on March 15, 2024 to holders of record Feb. 29.
- All regulatory requirements for the redemption have been satisfied.