Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 219

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 219
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 gain is effectively connected with the Non-U.S. Holder’s conduct                                                                                                                                    
 of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable to a permanent establishment maintained by the Non-U.S. Holder in the United States). |

If the first exception applies, the Non-U.S.Holder generally will be subject to U.S. federal income tax at a rate of 30% on the amount by which its U.S.-source capital gains exceed its U.S.-source capital losses. If the second exception applies, the non-U.S.holder will generally be subject to U.S. federal income tax on the net gain derived from the sale or other disposition of the debt securities in the same manner as a U.S. Holder. See “—U.S. Federal Income Taxation of U.S. Holders” above for a description of the U.S. federal income tax considerations of acquiring, owning, and disposing of debt securities. In addition, a Non-U.S.Holder that is a foreign corporation may be subject to a 30% branch profits tax (unless reduced or eliminated by an applicable income tax treaty) on its earnings and profits for the taxable year attributable to its effectively connected income, subject to certain adjustments. Common Stock and Preferred Stock Distributions. Except as described below, a distribution paid to a Non-U.S.Holder by us in respect of common or preferred stock that are treated as dividends for U.S. federal income tax purposes, as described under “—U.S. Federal Income Taxation of U.S. Holders—Common Stock and Preferred Stock” above, generally will be subject to U.S. federal withholding tax at a 30% rate, or such lower rate as may be specified by an applicable income tax treaty unless such distributions are effectively connected with a Non-U.S.Holder’s trade or business within the United States, or a permanent establishment maintained in the United States if certain tax treaties apply. In order to claim the benefits of an applicable income tax treaty, a Non-U.S.Holder will be required to satisfy applicable certification (e.g., IRS Form W-8BENor W-8BEN-Eor other applicable or successor form) and other requirements prior to the distribution date. Additionally, special rules may apply to 144

claims for treaty benefits made by Non-U.S. Holders that are entities rather than individuals. To obtain a refund of any excess amounts withheld, a Non-U.S. Holder that is eligible for a reduced rate of U.S