Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 120

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 120
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When the depositary receives notice of any meeting at which the holders of the Series U preferred stock are entitled to vote,
the depositary will mail, or otherwise transmit by an authorized method, the information contained in the notice and any accompanying proxy material to the record holders of the Series U depositary shares relating to the Series U preferred stock.
Each record holder of the Series U depositary shares on the record date, which will be the same date as the record date for the Series U preferred stock, may instruct the depositary to vote the amount of the Series U preferred stock represented by
the holder’s Series U depositary shares. To the extent possible, the depositary will vote the amount of the Series U preferred stock represented by the Series U depositary shares in accordance with the instructions it receives. We will agree to
take all reasonable actions that the depositary determines are necessary to enable the depositary to vote as instructed. If the depositary does not receive specific instructions from the holders of any Series U depositary shares representing the
Series U preferred stock, it will not vote the amount of Series U preferred stock represented by such Series U depositary shares.

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Series Y Preferred Stock.Our
Non-Cumulative Perpetual Class A Preferred Stock, Series Y, which we refer to as our “,” with no par value, ranks senior to our common stock and to any other
securities that we may issue in the future that are expressly made junior to our Series Y preferred stock, as to payment of dividends and/or distribution of assets upon our liquidation, dissolution or winding up. The Series Y preferred stock ranks
equally with our Parity Stock (as such term is defined in the certificate of designation for the Series Y preferred stock) as to payment of dividends and distribution of assets upon our liquidation, dissolution or winding up.

Dividends on shares of our Series Y preferred stock are not mandatory. Holders of our Series Y 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 Y preferred stock. These dividends accrue at a rate per annum equal to 5.625%, payable quarterly in arrears on each March 15, June 15, September 15 and December 15. The right of holders of our
Series Y preferred stock to receive dividends is non