other material
confidence high
sentiment neutral
materiality 0.60
Wells Fargo to redeem all Series U Preferred Stock on June 16, 2025
WELLS FARGO & COMPANY/MN
- Redeems all 80,000 shares of 5.875% Series U Preferred at $25k/share and 2M depositary shares at $1k/share.
- Redemption date June 16, 2025 (shifted from June 15 due to non-business day).
- After redemption, no shares of Series U Preferred or related depositary shares remain outstanding.
- Regular quarterly dividend paid separately on redemption date to holders of record May 30, 2025.