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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
* NOTE: This security is no longer trading as of 9/17/2018
Security has been Called for: Monday, September 17, 2018
July 24, 2018 -- Wells Fargo & Company today announced it will redeem on September 17, 2018 of all of its 8.00% Non-Cumulative Perpetual Class A Preferred Stock, Series J, and the corresponding depositary shares, each representing a 1/40th interest in a share of Series J Preferred Stock. The depositary shares are traded on the New York Stock Exchange under the symbol WFCPrJ. The Series J Preferred Stock will be redeemed at a redemption price equal to $1,000.00 per share, or $25.00 per depositary share. Because the redemption date is also the dividend payment date, the redemption price does not include declared and unpaid dividends. Regular quarterly dividends in the amount of $20.00 per share of Series J Preferred Stock, or $0.50 per depositary share, will be paid separately in the customary manner on September 17, 2018 to holders of record at the close of business on August 31, 2018. The redemption agent for the Series J Preferred Stock is Equiniti Trust Company, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120. Payment of the redemption price will be sent automatically to holders by the redemption agent following the redemption date. ____________ 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.
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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 one business day 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.
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Go to Parent Company's Record (WFC)
IPO - 12/19/2007 - 80.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: WB-S Changed: 1/02/2009
Market Value $2.0 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 420 Montgomery Street, San Francisco, CA 94163 |
| Main Phone Number |
866-249-3302 |
| Fax Number |
Not Available |
| Investor Relations
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415-371-2921
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| Toll Free Phone Number |
888-662-7865 |
| CEO - John G. Stumpf |
CFO - John R. Shrewsberry |
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