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Wells Fargo Real Estate Investment Corporation Declares Dividend on Series A Preferred Stock

September 7, 2018

SAN FRANCISCO--(BUSINESS WIRE)--Sep 7, 2018--Wells Fargo Real Estate Investment Corporation (NYSE: WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock.

The dividend is payable Oct. 1, 2018, to holders of record as of the close of business on Sept. 17, 2018. Wells Fargo Real Estate Investment Corporation is an indirect subsidiary of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes.

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, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations.

Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the “Forward-Looking Statements” discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2017, available on its website at  www.sec.gov.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005470/en/

CONTACT: Media

Ancel Martinez, 415-222-3858

Ancel.Martinez@wellsfargo.com

or

Investor Relations

John Campbell, 415-396-0523

John.M.Campbell@wellsfargo.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT BANKING FINANCE CONSTRUCTION & PROPERTY

SOURCE: Wells Fargo & Company

Copyright Business Wire 2018.

PUB: 09/07/2018 04:15 PM/DISC: 09/07/2018 04:15 PM

http://www.businesswire.com/news/home/20180907005470/en

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