Wells Fargo filed (Mar 16, 2026) a Certificate of Designation creating 6.125% Fixed Rate Reset…
Filed with the SEC on · Summarized by InvestorsBot
Wells Fargo filed (Mar 16, 2026) a Certificate of Designation creating 6.125% Fixed Rate Reset Non‑Cumulative Perpetual Class A Preferred Stock, Series GG — 90,000 shares authorized; $25,000 liquidation preference per share. $WFC 🏦 #WellsFargo #PreferredStock
Series GG implies $25,000 × 90,000 = $2.25B potential issuance; dividends are non‑cumulative, perpetual with a 6.125% fixed/reset rate — may affect capital/funding mix and investor yield expectations. $WFC 💰 #BankCapital #Dividends
Designation effective upon filing with the Delaware Secretary of State (Mar 16, 2026). Certificate of Designation (Exhibit 3.1) sets voting powers, preferences, limitations and other terms — see 8‑K for full details. $WFC 📄 #RegulatoryFiling #8K