Dividends on the Series O Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board, will accrue and be payable on the liquidation preference amount of $25,000 per share, on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year, commencing on March 15, 2013, at a rate per annum equal to 5.125%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the Series O Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not accrue or be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series O Preferred Stock are declared for any future dividend period.
The Series O Preferred Stock may be redeemed by us at our option in whole, or in part, on December 15, 2017, or any dividend payment date thereafter, at a redemption price equal to $25,000 per share of Series O Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series O Preferred Stock may also be redeemed by us at our option in whole, but not in part, prior to December 15, 2017, upon the occurrence of a Ùregulatory capital treatment event,ˆ as described herein, at a redemption price equal to $25,000 per share of Series O Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends.
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Wells Fargo & Company is a financial holding company and a bank holding company. Through its subsidiaries, Co. provides banking, investment and mortgage products and services, as well as consumer and commercial finance. Co. provides consumer financial products and services including checking and savings accounts, credit and debit cards, and auto, mortgage and home equity, and small business lending, as well as financial planning, private banking, investment management, and fiduciary services. Co. also provides financial solutions including commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking services. Preferreds: WNA.PR, WFC.PRJ, WFC.PRL, WFC.PRN, WFC.PRO, WFC.PRP, WFC.PRQ, WFC.PRR, WFC.PRT, WFE.PRA, WFC.PRV, WFC.PRW, WFC.PRX, WFC.PRY, WFC.PRZ, WFC.PRA, WFC.PRC, WFC.PRD Open the WFC Information Page » |
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