Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 167

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 167
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We, at the option of our board of directors or any duly authorized committee of our board of directors, may redeem, subject to the prior
approval of the FRB, the Series FF preferred stock, in whole or in part, on any dividend payment date on or after September 15, 2029. In addition, within 90 days of our good faith determination that a Regulatory Capital Treatment Event (as such
term is defined in the certificate of designation for the Series FF preferred stock), we, at the option of our board of directors or any duly authorized committee of the board of directors, may, subject to approval of the appropriate federal banking
agency, redeem in whole, but not in part, the shares of Series FF preferred stock at the time outstanding prior to September 15, 2029. Any redemption shall be at the redemption price of $25,000 per share plus an amount equal to any dividends
that have been declared but not paid to the redemption date without accumulation of any undeclared dividends.

In the event of our
voluntary or involuntary liquidation, dissolution or winding up, the holders of our Series FF preferred stock are entitled to receive a liquidating distribution in the amount of $25,000 per share, plus an amount equal to any dividends that have been
declared but not yet paid, without accumulation of any undeclared dividends, to the date of liquidation, out of our assets legally available for distribution to our stockholders, before any distribution is made to holders of our securities ranking
junior to the Series FF preferred stock and subject to the rights of the holders of Parity Stock or any of our stock ranking senior to the Series FF preferred stock as to such distribution and the rights of our depositors and other creditors.

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Holders of our Series FF preferred stock do not have any voting rights and are not entitled to elect any directors, except as required by law and except for the voting rights provided for below. Whenever dividends payable on any shares of Series FF preferred stock or any class or series of Voting Parity Stock (as such term is defined in the certificate of designation for the Series FF preferred stock) have not been declared and paid in an aggregate amount equal to, as to any class or series, at least six quarterly dividend periods or their equivalent, whether or not for consecutive dividend periods, the holders of our Series FF preferred stock, voting together as a class with holders of Voting Parity Stock whose voting rights are exercisable, will be entitled to vote for the election of two