Wells Fargo & Co.
Wells Fargo Announces Full Redemption of Series U Preferred Stock
Summary
On June 16, 2025, Wells Fargo & Company will redeem all 80,000 outstanding shares of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U and related depositary shares. The redemption price is $25,000.00 per share of Series U Preferred Stock and $1,000.00 per depositary share. After the redemption, no shares of the Series U Preferred Stock or the Series U Depositary Shares will remain outstanding.
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About Wells Fargo & Co.
Wells Fargo & Co. is a diversified financial services company providing a wide array of banking, investment, mortgage, and consumer and commercial finance services. Operating predominantly in the United States, Wells Fargo plays a crucial role in the financial market by offering retail and commercial banking, which includes savings accounts, credit and loans, and payment solutions. Known for its strong retail banking presence, Wells Fargo also extends its reach through wealth and investment management services, enabling clients to gain tailored financial advice and asset management. Beyond core banking operations, Wells Fargo’s influence spans several sectors, notably real estate and consumer finance, contributing significantly to economic development and customer liquidity accessibility. The bank's commitment to providing financial education and resources aims to empower communities and foster economic resilience. As a major player in the financial industry, Wells Fargo maintains a key position in both national and global banking landscapes, facilitating critical financial transactions and services that support a wide range of client needs.
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