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March 19, 2008
TO: Joe Subscriber
CDx3 Buyer's Notification: WFCPP Becomes BWF (7.875%)
Hello
Joe:
A new trust preferred stock has
begun trading on the New York stock
exchange under the permanent trading symbol BWF
offering a dividend rate of 7.875%.
Wells Fargo Capital XII, 7.875% Enhanced TruPS Trust Preferred Securities
This new security is a
CDx3-compliant security.
For a reminder of the three steps that a new preferred stock typically takes to market, please see
Preferred Stock Investing chapter 2, 'Creating A New Preferred Stock' or the CDx3 Special Report titled
'Trading Over-The-Counter' (free to subscribers).
This security was previously trading Over-The-Counter under the
temporary trading symbol WFCPP. This security is now trading under
its permanent trading symbol. This is the final message that you
will receive regarding this security.
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Security Description |
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Trading Symbol
Stock Exchange
Previous Symbol
CUSIP
Security Type
IPO Date
Call Date
Liquidation Preference
(par)
Target Sell Price (CDx3
only) |
BWF
NYSE
WFCPP
94985V202
Trust Preferred
03/07/2008
03/15/2013
$25.00
$25.49 |
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Dividend Calculation |
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Dividend Rate (coupon)
Annual Dividend (per
share)
Dividend Amount (each period)
Dividend Period
(frequency)
First Calendar Month For
Dividend Payments |
7.875%
$1.9688
$0.4922
Quarterly
March |
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Risk Characteristics
(see
prospectus) |
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Cumulative/Non-Cumulative
CDx3-Compliant
Moody's Rating
S&P Rating |
Cumulative
CDx3-Compliant
Baa1
BBB+ |
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Issuing Company
(see
profile |
summary |
news |
financials |
ratings) |
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Common Symbol
Industry Segment
US or Foreign |
WFC
Banks
US
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The CDx3 Notification Service website provides 'Spec Sheets' for all of the securities in our Preferred Stock ListTM database. You can see the Spec Sheet for this security by clicking the following link:
Click here to view the Spec Sheet for this security
To see this new security in our Preferred Stock ListTM
database just sign onto the CDx3 Notification Service website and
click on the 'Before Call' Hotlist.
You can find your username and password needed to access
the CDx3 Notification Service
website in the upper-right corner of this message along
with your subscription expiration date.
Spec Sheet Catalog: The CDx3 Notification Service website
includes a Spec Sheet Catalog where we keep all of our Spec Sheets.
To see the Spec Sheet Catalog look for the "Spec Sheets" link
that appears on all of our Preferred Stock ListTM
pages. Clicking on the "Spec Sheets" link will open a new window on your screen and display
our complete Spec Sheet Catalog sorted by trading symbol.
Feel like talking it over? If you want to
kick your strategy around with your fellow subscribers before making
a decision just visit the
CDx3 Discussion Group.
This is the largest and most experienced group of preferred stock
investors on the planet. Why not see what the Group's members think?
Many
Happy Returns,
Doug K. Le Du
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(c) BNK Invest, Inc. All rights reserved.
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