Latest news with #TanyaQuinn
Yahoo
30-05-2025
- Business
- Yahoo
Wells Fargo & Company Announces Full Redemption of the Capital Securities Issued by CoreStates Capital II and CoreStates Capital III
SAN FRANCISCO, May 30, 2025--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) and Wells Fargo Bank, National Association (the "Bank") today announced that the Bank, as sponsor of the trusts listed below, has submitted redemption notices to the property trustee for the redemption of the capital securities listed below on June 30, 2025 (the "Redemption Date"). The redemption price for each security will be equal to 100% of the principal amount of the securities plus accumulated and unpaid distributions to, but excluding, the Redemption Date. Trust Security Principal Amount CUSIP* CoreStatesCapital II FloatingRate SubordinatedCapital IncomeSecurities $150,000,000($1,000 per Security) 218694AA5 CoreStatesCapital III Floating Rate CapitalTrust Pass-throughSecurities $300,000,000 ($1,000 per Security) 21869MAA5 *The CUSIP numbers listed above are for information purposes only. Neither the Bank nor the property trustee for the securities will be responsible for the selection or use of these CUSIP numbers, nor is any representation made as to the correctness on any of the securities. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. Additional information may be found at LinkedIn: News Release Category: WF-CFH View source version on Contacts Media Beth Richek, Investor Relations Tanya Quinn,
Yahoo
14-05-2025
- Business
- Yahoo
Wells Fargo & Company Announces Full Redemption of its Series U Preferred Stock and Related Depositary Shares
SAN FRANCISCO, May 14, 2025--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2025 (which, due to the occurrence of a non-business day, will shift to June 16, 2025), it will redeem all 80,000 outstanding shares (the "Redeemed Series U Preferred Shares") of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U (the "Series U Preferred Stock"). The redemption of the Redeemed Series U Preferred Shares will trigger the redemption of the 2,000,000 outstanding shares of the related depositary shares (the "Redeemed Series U Depositary Shares"), each representing a 1/25 interest in a share of Series U Preferred Stock (the "Series U Depositary Shares"). The redemption price will be equal to $25,000.00 per Redeemed Series U Preferred Share and $1,000.00 per Redeemed Series U Depositary Share. After giving effect to the redemption, no shares of the Series U Preferred Stock or the Series U Depositary Shares will remain outstanding. Because the redemption date is also a dividend payment date for the Series U Preferred Stock and the Series U Depositary Shares, the redemption prices noted herein do not include declared and unpaid dividends. Regular quarterly dividends will be paid separately in the customary manner on June 15, 2025 (which, due to the occurrence of a non-business day, will shift to June 16, 2025), to holders of record at the close of business on May 30, 2025. All regulatory requirements relating to the redemption of the Redeemed Series U Preferred Shares and Redeemed Series U Depositary Shares have been satisfied by Wells Fargo & Company. The redemption agent is Computershare Trust Company, N.A., Attn: Corporate Actions, COY: WFCO, 150 Royall Street, Suite 101, Canton, MA 02021 or PO Box 43014, Providence, RI 02940-3014. Payment of the redemption price for the Redeemed Series U Depositary Shares will be sent to holders by the redemption agent on the redemption date. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. Additional information may be found at LinkedIn: News Release Category: WF-CFH View source version on Contacts Media Beth Richek, Investor Relations Tanya Quinn, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
