Wells Fargo Real Estate Investment Corp 6.375% Cumulative Perpetual Preferred Stock Series A

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Wells Fargo Real Estate Investment Corp (a division of Wells Fargo and a REIT) has sold a cumulative preferred issue with a coupon of 6.375%.  This is a quality issue for those that want investment grade.

We will add this to the 2013/2014 Investment Grade Income Portfolio model since there is cash in the model from redemptions and we have awaited new investment grade offerings.

Details of the issue are here.




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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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