Wells Fargo Real Estate Investment Corp 6.375% Cumulative Perpetual Preferred Stock Series A
By: Tim McPartland,
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.