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Wells Fargo Capital IV, 7% Capital Securities
Ticker Symbol: WSF* CUSIP: 94976Y207 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/25/2011
New Company Name: 4/25
Security has been Called for: Monday, April 25, 2011
In the form 8-K filed with the SEC on 3/24/2011, Wells Fargo issued a redemption notice concerning the Wells Fargo Capital IV, 7% Capital Securities (plus other securities) for April 25/2011.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Wells Fargo Capital IV, 7% Capital Securities, liquidation amount $25 per share, guaranteed by Wells Fargo & Co. (NYSE: WFC) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 8/29/2006 at $25 per share plus accrued and unpaid dividends, maturing 9/01/2031 which may be extended to 9/01/2050, distributions of 7% ($1.75) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th calendar day of the month prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7% Junior Subordinated Deferrable Interest Debentures due 9/01/2031 which were purchased from the company using the funds generated from the sale of the trust preferred securities. Dividends paid by trust preferred securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (WFC)
IPO - 8/24/2001 - 52.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $1.3 Billion
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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