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Wells Fargo & Co., 8.00% Dep Shares Non-cumul Perp Cl A Preferred Stock Series J
Ticker Symbol: WFC-J     CUSIP: 949746879     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Wells Fargo & Co., formerly Wachovia Corp. 8.00% Depositary Shares each representing a 1/40th interest in a share of the 8.00% Non-cumulutive Perperual Class A Preferred Stock, Series J, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/15/2017 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Distributions of 8.00% ($2.00) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the last day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-21 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
8.00%
$2
$25.00
$25.00
12/15/2017
None
Baa3 / BBB
9/30/14
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

Goto Parent Company's Record (WFC)

Notes:  January 1, 2009 -- Wells Fargo & Company (NYSE: WFC) said today it has completed its merger with Wachovia Corporation, effective December 31, 2008, creating North America’s most extensive distribution system for financial services with 11,000 stores, 12,260 ATMs, wellsfargo.com and Wells Fargo PhoneBankSM. Beginning today, Wells Fargo and Wachovia customers have free use of all of the company’s combined ATMs. At closing, Wells Fargo acquired all outstanding shares of common stock of Wachovia in a stock-for-stock transaction. Wachovia shareholders received 0.1991 shares of Wells Fargo common stock in exchange for each share of Wachovia common stock they owned. Shares of each outstanding series of Wachovia preferred stock were converted into shares (or fractional shares) of a corresponding series Wells Fargo preferred stock having substantially the same rights and preferences. As a result of the transaction, Wells Fargo acquired all of Wachovia Corporation and its businesses and obligations, including all of its banking deposits.

IPO - 12/19/2007 - 80.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: WB-S    Changed: 1/02/09
Market Value $ 2 Billion

Company's Online Information Links
HOME PAGE:     http://www.wellsfargo.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address investorrelations@wellsfargo.com

Address and Phone Numbers
Address:   420 Montgomery Street, San Francisco, CA 94163
Main Phone Number 866-249-3302
Fax Number Not Available
Investor Relations   Jim Rowe 415-396-8216
Toll Free Phone Number 888-662-7865
CEO - John G. Stumpf CFO - Timothy J. Sloan

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