Wells Fargo to redeem all Series BB preferred stock and depositary shares on March 16, 2026
Wells Fargo said it will redeem all 140,400 outstanding shares of its 3.90% Series BB Preferred Stock and all 3,510,000 related depositary shares. The redemption date is March 15, 2026, which shifts to March 16, 2026 because of a non-business day, and no Series BB preferred or depositary shares will remain outstanding afterward.
Key points
- Redemption date is March 15, 2026, shifting to March 16, 2026 due to a non-business day.
- Redemption price is $25,000.00 per preferred share and $1,000.00 per depositary share, excluding declared and unpaid dividends.
- The filing covers 140,400 preferred shares and 3,510,000 depositary shares, each depositary share representing a 1/25 interest in a preferred share.
- Regular quarterly dividends will be paid separately on March 16, 2026 to holders of record at the close of business on February 27, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.