Wells Fargo Announces Redemption of Preferred Series R Stock

Wells Fargo (WFC) has released an update.

Wells Fargo & Company has announced the full redemption of its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R, along with all associated depositary shares, on March 15, 2024. Following this redemption, no Series R Preferred Stock or related depositary shares will be left outstanding.

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For a comprehensive understanding of the announcement, you can read the full document here.