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Wells Fargo & Co., 5.125% Dep Shares Non-Cumul Perp Preferred Stock Series O
Ticker Symbol: WFC-O     CUSIP: 949746721     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Wells Fargo & Co., 5.125% Depositary Shares each representing a 1/1000th interest in a share of the Non-Cumulative Perpetual Preferred Stock, Series O, 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. Non-Cumulative distributions of 5.125% per annum ($1.28125 per annum or $0.3203125 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be the last business day of the month prior to the payment date or on the record date fixed by the board (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. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event (see the prospectus for further information) which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. Dividends paid by these preference shares 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) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page 113 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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
5.13%
$1.28125
$25.00
$25.00
12/15/2017
None
Baa2 / BBB
3/24/16
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)

IPO - 11/13/2012 - 24.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: WFCZL    Changed: 11/20/12
Market Value $ 600 Million

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 415-371-2921
Toll Free Phone Number 888-662-7865
CEO - John G. Stumpf CFO - John R. Shrewsberry

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