other material
confidence high
sentiment neutral
materiality 0.50
Wells Fargo redeems all Series S Preferred Stock for $2B on June 17, 2024
WELLS FARGO & COMPANY/MN
- Wells Fargo will redeem all 80,000 shares of Series S Preferred (5.90% Fixed-to-Floating) on June 17, 2024.
- Redemption price is $25,000 per preferred share and $1,000 per depositary share (2,000,000 depositary shares).
- After redemption, no shares of Series S Preferred or depositary shares remain outstanding.
- Regular quarterly dividends will be paid separately on the redemption date to holders of record May 31, 2024.
- All regulatory requirements for redemption have been satisfied.