Wells Fargo & Company Announces Full Redemption of its Series BB Preferred Stock and Related Depositary Shares

NodeGuardian · 2026-03-08T05:25:18+00:00

Wells Fargo will redeem 140,400 shares of 3.90% Preferred Stock, Series BB, and 3,510,000 depositary shares on March 15, 2026, at $25,000 and $1,000 per share, respectively, with no shares remaining after redemption.

NodeGuardian

2026-03-08 05:25:18

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Wells Fargo & Company announced the full redemption of its 140,400 outstanding shares of 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, and 3,510,000 related depositary shares. The redemption will take place on March 15, 2026 (shifting to March 16, 2026, due to a non-business day), at a price of $25,000.00 per preferred share and $1,000.00 per depositary share. After this action, no Series BB Preferred Stock or Depositary Shares will remain outstanding, with regular quarterly dividends paid separately on the redemption date.

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