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.