Wells Fargo Issues New Preferred Stock

By: ,

Wells Fargo has sold a 6% non cumulative preferred stock.

The shares will begin to trade on the OTC market beginning on Wednesday, July 16th.

Because it is perpetual and non cumulative at a low interest rate we have no interest at this time in this issue.


Details of the issue are here.

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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