trending Market Intelligence /marketintelligence/en/news-insights/trending/11fqGBU8CKla6oLHUrgOLQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Wells Fargo to partially redeem series K preferred shares

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Wells Fargo to partially redeem series K preferred shares

Wells Fargo & Co. on Sept. 16 will redeem 1,550,000 shares of its fixed-to-floating rate noncumulative perpetual class A preferred stock, series K.

The redeemed shares will be selected in accordance with the standard procedures of The Depository Trust Co., according to a news release. Equiniti Trust Co. is the redemption agent.

The redemption price will be equal to $1,000 per redeemed share. Because the redemption date is also a dividend payment date for the stock, the redemption price does not include declared and unpaid dividends. Regular quarterly dividends in the amount of $15.6223 per share of series K preferred stock will be paid separately on Sept. 16 to holders of record at the close of business on Aug. 31.

After giving effect to the partial redemption, 1,802,000 shares of the series K preferred stock will remain outstanding.