Short answer
Wells Fargo & Co (WFC) filed an 8-K current report with the SEC on February 25, 2026 reporting Item 8.01 (Other Events). Full redemption of 140,400 shares of 3.90% Series BB Preferred Stock on March 16, 2026.
Wells Fargo & Co 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Full redemption of 140,400 shares of 3.90% Series BB Preferred Stock on March 16, 2026
- All related depositary shares (each representing 1/25th interest) also redeemed simultaneously
- Post-redemption: zero Series BB preferred shares outstanding; eliminates this fixed dividend obligation
- 3.90% fixed rate was a relatively low-cost preferred; redemption may signal intent to optimize capital structure
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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