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Wells Fargo Capital IX, 5.625% Trust Preferred Securities
Ticker Symbol: JWF* CUSIP: 94979P203 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/04/2013
Security has been Called for: Monday, February 4, 2013
On January 2, 2013, Wells Fargo & Company submitted redemption notices to the property trustee for each trust listed below, which will result in the redemption of the securities identified below on the date specified for each security. The redemption price for each security will be equal to 100% of the principal amount of the securities plus accumulated and unpaid distributions in the amount specified below. Payment of scheduled distributions prior to the redemption date will not be affected. Under applicable regulatory capital guidelines issued by bank regulatory agencies, upon notice of redemption, the Capital Securities will no longer qualify as Tier 1 capital for the Company. This redemption is consistent with the capital plan the Company submitted to the Federal Reserve Board and the actions the Company previously announced on March 13, 2012, and will be funded with excess cash currently available to the Company.
Wells Fargo Capital VII 5.85% Trust Preferred Securities (TRUPS®) $500, 000,000 ($25 per Security) $.0121875 94979B204 WPK February 4, 2013 The Bank of New York Mellon Trust Company, N.A. (Trustee) Wells Fargo Bank, N.A. Corporate Trust Services (Paying Agent)
Wells Fargo Capital VIII 5.625% Trust Preferred Securities $200,000,000 ($25 per Security) $.01171875 94979D200 GWF February 4, 2013 The Bank of New York Mellon Trust Company, N.A. (Trustee) Wells Fargo Bank, N.A. Corporate Trust Services
(Paying Agent)
Wells Fargo Capital IX 5.625% Trust Originated Preferred Securities (TOPrSSM) $500,000,000 ($25 per Security) $.12890625 94979P203 JWF February 4, 2013 The Bank of New York Mellon Trust Company, N.A. (Trustee) Wells Fargo Bank, N.A. Corporate Trust Services (Paying Agent) ____________ Excerpt for the Wells Fargo news release of March 13, 2012 -- The Company also announced that the Federal Reserve did not object to its Capital Plan submitted in January 2012, or to the dividend rate increase and other capital actions included in the plan.
The plan also includes selective redemptions of trust preferred securities that no longer count as Tier 1 Capital under the Dodd-Frank Act.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Wells Fargo Capital IX, 5.625% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Well 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 4/08/2009 at $25 per share plus accrued and unpaid dividends, maturing 4/08/2034, distributions of 5.625% ($1.40625) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the 15th calendar day prior to the payment date. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 5.625% Junior Subordinated Deferrable Interest Debentures due 4/08/2034 that were purchased from the company using the funds generated from the sale of the trust preferred securities. 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 - 4/5/2004 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $500.0 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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