CNB Investment Trust II Announces Redemption of its Series B Preferred Shares
January 02 2018 - 9:00AM
Business Wire
CNB Investment Trust II (the “Trust”), an indirect, wholly owned
subsidiary of Wells Fargo & Company (the “Company”) (NYSE:
WFC), submitted today a redemption notice for redemption on
February 1, 2018 of all of its Series B Preferred Shares (CUSIP
numbers 12615C204, 12615C303), at a redemption price equal to
$1,000 stated value per share plus dividends accrued and unpaid for
the current dividend period through the redemption date.
The redemption agent for the Series B Preferred Shares is Wells
Fargo Bank, National Association, 1110 Centre Pointe Curve, Suite
101, Mendota Heights, Minnesota 55120. Payment of the redemption
price will be made by the redemption agent for certificated shares,
and through the facilities of The Depository Trust Company for
book-entry shares.
Following the redemption of the Series B Preferred Shares, and
subject to the requisite consent of its remaining shareholders, the
Trust is expected to dissolve. CNB Investment Trust I, an indirect,
wholly owned subsidiary of the Company, is also expected to
dissolve.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,500 locations, 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 271,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations.
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