Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 158

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 158
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 and distribution of assets upon our liquidation, dissolution or winding up.

Dividends on shares of our Series FF preferred stock are not mandatory. Holders of our Series FF 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-cumulative cash dividends on the liquidation preference
amount, which is $25,000 per share of Series FF preferred stock. These dividends accrue (i) at a rate per annum equal to 6.85% from, and including, July 23, 2024 to, but excluding, September 15, 2029 (the “”) and (ii) the five-year treasury rate as of the most recent reset dividend determination date plus 2.767% for each reset period, from, and including, the first reset date, commencing December 15, 2029 (as each term is
defined in the certificate of designation for the Series FF preferred stock). Dividends will be payable quarterly in arrears on each March 15, June 15, September 15 and December 15. The right of holders of our Series FF preferred
stock to receive dividends is non-cumulative. The Series FF preferred stock was issued on July 23, 2024, and the first dividend payment date was September 15, 2024. The calculation agent for the
Series FF preferred stock will be appointed prior to the first reset dividend determination date.

To the extent we declare dividends on
the Series FF 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 FF 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 securities ranking junior to the Series FF preferred stock or repurchase, redeem or otherwise acquire for
consideration shares of our securities ranking junior to the Series FF preferred stock or Parity Stock, subject to certain exceptions, unless full dividends on all outstanding shares of Series FF preferred stock for the dividend period ending on or
immediately prior to the dividend payment date or other payment date for such securities or Parity Stock have been declared and paid or declared and a sum sufficient for payment of those dividends has been