Wells Fargo said it will redeem all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB on March 15, 2026, after the redemption date was announced on February 25, 2026.

1. 01

   Wells Fargo said it will redeem all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB on March 15, 2026, after the redemption date was announced on February 25, 2026.

2. 02

   The company said the scheduled redemption date, March 15, 2026, is a non-business day, so the actual redemption date (the Redemption Date) will shift to March 16, 2026. After the redemption, no Series BB preferred stock or related depositary shares will remain outstanding.

3. 03

   Wells Fargo said it will redeem 3,510,000 depositary shares at a redemption price of $25,000.00 per Series BB preferred share and $1,000.00 per related depositary share. Each depositary share represents a 1/25 interest in a preferred share.

4. 04

   The company said the redemption prices do not include declared and unpaid dividends, and that regular quarterly dividends will be paid separately on February 27, 2026 to holders of record at the close of business. The company also said all regulatory requirements for the redemption have been satisfied and no covenant remains in place to limit or prohibit the redemption.

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Original filing

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