other material
confidence high
sentiment neutral
materiality 0.60
Wells Fargo to redeem all Series BB Preferred Stock on March 16, 2026, at $25,000 per share
WELLS FARGO & COMPANY/MN
- All 140,400 outstanding Series BB Preferred Shares redeemed at $25,000 per share; also includes 3,510,000 depositary shares at $1,000 each.
- Redemption effective March 15, 2026, shifted to March 16 due to non-business day; no shares remain after.
- Regular quarterly dividend paid separately on redemption date to holders of record Feb 27, 2026.
- All regulatory requirements satisfied; no remaining covenants limit redemption.