Loan & DebtMar 29, 2026, 08:09 PM
Wells Fargo to Redeem 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB
AI Summary
Wells Fargo announced it will redeem all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, and related depositary shares on March 16, 2026. This redemption will eliminate all outstanding shares of the Series BB Preferred Stock and Series BB Depositary Shares, simplifying the company's capital structure.
Key Highlights
- Wells Fargo will redeem all outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB.
- The redemption date is scheduled for March 16, 2026.
- After the redemption, no shares of the Series BB Preferred Stock or related depositary shares will remain outstanding.
Price Impact
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