Wells Fargo

Wells Fargo & Company Investors: Last Days to Participate Actively in the Class Action Lawsuit

Friday, August 7, 2020 - 1:00pm

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

Key Points: 
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • According to the Complaint, the company made false and misleading statements to the market.
  • Wells Fargo failed to maintain appropriate internal controls over financial reporting.
  • The company did not maintain compliance with the 2018 regulatory consent orders against it.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Thursday, August 6, 2020 - 9:43pm

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wells Fargo & Company (WFC)

Thursday, August 6, 2020 - 5:30pm

LOS ANGELES, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (GPM) reminds investors of the upcomingAugust 14, 2020deadline to file a lead plaintiff motion in the class action filed on behalf of Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between February 2, 2018, and March 10, 2020, inclusive (the Class Period).

Key Points: 
  • LOS ANGELES, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (GPM) reminds investors of the upcomingAugust 14, 2020deadline to file a lead plaintiff motion in the class action filed on behalf of Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between February 2, 2018, and March 10, 2020, inclusive (the Class Period).
  • The FRS Consent Order was part of an enforcement action brought against the Company in connection with certain of its fraudulent practices.
  • If you purchased or otherwise acquired Wells Fargo securities during the Class Period, you may move the Court no later thanAugust 14, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Wells Fargo Asset Management Announces Changes to Closed-End Funds Portfolio Management Teams

Thursday, August 6, 2020 - 1:35pm

Effective Aug. 6, 2020, Senior Portfolio Manager Niklas Nordenfelt and Portfolio Manager Philip Susser are no longer portfolio managers of the Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD).

Key Points: 
  • Effective Aug. 6, 2020, Senior Portfolio Manager Niklas Nordenfelt and Portfolio Manager Philip Susser are no longer portfolio managers of the Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD).
  • Chris Lee, CFA, is a senior portfolio manager on the Wells Fargo Asset Management (WFAM) Multi Sector Fixed Income Plus and High Yield team.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.

NETSTREIT Corp. Announces Launch of Initial Public Offering

Wednesday, August 5, 2020 - 12:00pm

NETSTREIT Corp. (the Company), announced today that it has commenced an initial public offering of 15,500,000 shares of its common stock.

Key Points: 
  • NETSTREIT Corp. (the Company), announced today that it has commenced an initial public offering of 15,500,000 shares of its common stock.
  • In connection with the offering, the underwriters will have a 30-day option to purchase up to an additional 2,325,000 shares from the Company.
  • The initial public offering price is expected to be between $19.00 and $21.00 per share.
  • Wells Fargo Securities, BofA Securities, Citigroup, Stifel, and Jefferies are acting as the book-running managers for the offering.

WFC Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Wells Fargo & Company Shareholders of Class Action and Lead Plaintiff Deadline: August 3, 2020 

Monday, August 3, 2020 - 4:00pm

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

Key Points: 
  • This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
  • Then, on April 20, 2020, after at least two lawsuits were filed against Wells Fargo, reports emerged that Wells Fargo may have unfairly allocated government-backed loans under the PPP.
  • Finally, on May 5, 2020, Wells Fargo disclosed in an SEC filing that it has .
  • If you suffered a loss in Wells Fargo you have until August 3, 2020 to request that the Court appoint you as lead plaintiff.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wells Fargo & Company (WFC)

Monday, August 3, 2020 - 2:00pm

LOS ANGELES, Aug. 03, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors of the upcomingAugust 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).

Key Points: 
  • LOS ANGELES, Aug. 03, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors of the upcomingAugust 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).
  • On April 19, 2020, after at least one lawsuit was filed against the Company, reports surfaced that Wells Fargo may have unfairly distributed government-backed loans under the Paycheck Protection Program (PPP).
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • The Law Offices of Frank R. Cruz, Los Angeles

Wells Fargo Closed-End Funds Declare Monthly Distributions

Friday, July 31, 2020 - 9:37pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

United Rentals Announces Full Redemption of 6.500% Senior Notes due 2026

Friday, July 31, 2020 - 9:24pm

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).
  • The Notes will be redeemed at a redemption price (the Redemption Price) currently estimated to be 111.101% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
  • URNA has instructed Wells Fargo Bank, National Association, as the trustee for the Notes (the Trustee), to distribute a notice of redemption to all registered holders of the Notes on July 31, 2020.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wells Fargo & Company (WFC)

Friday, July 31, 2020 - 5:00pm

The Law Offices of Frank R. Cruz reminds investors of the upcoming August 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming August 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).
  • On April 19, 2020, after at least one lawsuit was filed against the Company, reports surfaced that Wells Fargo may have unfairly distributed government-backed loans under the Paycheck Protection Program (PPP).
  • If you purchased or otherwise acquired Wells Fargo securities during the Class Period, you may move the Court no later than August 3, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.