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Wachovia Preferred Funding Corp., 7.25% Non-cumul Exch Preferred Securities A
Ticker Symbol: WNA-* CUSIP: 92977V206 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/02/2014
Security has been Called for: Thursday, January 2, 2014
November 6, 2013 -- Effective immediately, trading in the 7.25% Non-cumulative exchangeable perpetual Series A Preferred Securities of WACHOVIA PREFERRED FUNDING CORP will be called for redemption on January 2, 2014 at $25.00 per share plus any accrued dividends/distributions.________________ January 1, 2009 -- Wells Fargo & Company (NYSE: WFC) said today it has completed its merger with Wachovia Corporation, effective December 31, 2008.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Wachovia Preferred Funding Corp., 7.25% Non-cumulative Exchangeable Perpertual Series A Preferred Securities, liquidation preference $25, automatically exchangeable in specified circumstances into depositary shares representing preferred stock of Wachovia Corp. (NYSE: WB), redeemable at the issuer's option on or after 12/31/2022 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 7.25% per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on record date which is the 15th day of the month is which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with the Series B & D preferreds and senior to the Series C preferred and the common shares of the company. Wachovia Preferred Funding Corp. is an indirect subsidiary of Wachovia and the Bank and operates as a REIT for Federal income tax purposes. 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 - 12/12/2002 - 18.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $450.0 Million
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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
Jim Rowe
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415-396-8216
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| Toll Free Phone Number |
888-662-7865 |
| CEO - John G. Stumpf |
CFO - Timothy J. Sloan |
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