Just a quick note that the WFE-A issue is being redeemed on 12/11/20. Now trading right at $25.60—about 1% premium to $25 plus accrued.
Holders may want to immediately exit.
Thanks to JDubs for the quick heads up.
6 thoughts on “Wells Fargo REIT to Redeem Preferred”
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Minor correction – the redemption date is 12-11-19
well that sucks……….
I maintain a spreadsheet with a red flag warning date that is flagged 6 months prior to the earliest call date.
The issue was halted prior to the press release. Can’t exit or trade till it unhalts under new symbology.
@mcg
Sounds like something Wells Fargo would do.
They should be asking for a halt. Either that or announce pre- or post-market.
I got out of this issue on April 1st at $25.80. To often folks hold on too long, and lose the cap gain.