Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 114

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 114
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, 2025). As of such date, no shares of Series U preferred stock (and Series U depositary shares) will remain outstanding. Dividends on shares of our Series U preferred stock are not mandatory. Holders of our Series U preferred stock are entitled to receive, when, as and if declared by our board of directors or any duly authorized committee of our board of directors out of legally available assets, non-cumulativecash dividends on the liquidation preference amount, which is $25,000 per share of Series U preferred stock. From January 23, 2015 to, but excluding, June 15, 2025, these dividends will accrue at a fixed rate per annum equal to 5.875%, and from, and including, June 15, 2025, dividends will accrue at a rate per annum equal to 5.875% + 3.99%. Dividends are payable semi-annually in arrears on each June 15 and December 15, commencing June 15, 2015 and ending June 15, 2025, and quarterly in arrears on each March 15, June 15, September 15 and December 15, commencing September 15, 2025. The right of holders of our Series U preferred stock to receive dividends is non-cumulative.The Series U preferred stock was issued on January 23, 2015, and the first dividend payment date was June 15, 2015. To the extent we declare dividends on the Series U preferred stock and on any other Parity Stock but cannot make full payment of those declared dividends, we will allocate the dividend payments on a proportional basis among the holders of shares of Series U preferred stock and the holders of any Parity Stock then outstanding where the terms of such Parity Stock provide similar dividend rights. No interest will be payable in respect of any dividend payment that may be in arrears. We cannot pay dividends on our common stock or other securities ranking junior to the Series U preferred stock or repurchase, redeem or otherwise acquire for consideration shares of our common stock, other securities ranking junior to the Series U preferred stock or Parity Stock, subject to certain exceptions, unless the full dividends for the then-current period on all outstanding shares of Series U preferred stock have been declared and paid or declared and a sum sufficient for the payment of those dividends has been set aside. We, at the option of our board of directors or any duly authorized committee