A Proposed Significant Change To Wells Fargo® Hybrid And Preferred Securities Floating And Variable
Wells Fargo press release September 6, 2017 ------- Wells Fargo Securities, LLC (“Wells Fargo”) would like to consult with members of the investment community regarding a proposed change to the methodology for the Wells Fargo® Hybrid and Preferred Securities Floating and Variable Rate Index (Ticker: PFLOT) (the “Index”). The change would result in a significant increase in the size and number of components of the Index, which may occur gradually over several consecutive rebalancing sessions. The Index is designed to track floating rate and variable rate preferred securities and hybrid debt securities that are comparable to preferred securities and that, together with the preferred securities, are representative of the general U.S. trading market for variable rate preferred and hybrid securities. Securities must be issued by SEC reporting companies, be U.S. dollar denominated and satisfy defined liquidity criteria. To learn more click on the picture below to read the release.