Wells Fargo’s Hybrid and Preferred Securities Financial Index® Diversification Rule Implementation

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Wells Fargo Securities (NYSE:WFC) announced today that its strategic indexing group will modify the Wells Fargo Hybrid and Preferred Securities Financial Index diversification requirements to limit exposure to the largest financial preferred stock issuers. Going forward, issuers with a weight larger than 4.5% in the index cannot cumulatively exceed 45% of the total weight of the index. The aforementioned index change will occur January 31, 2011.

Customers who have questions regarding this change should contact Dan Forth at 704-383-4097.

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member FINRA and SIPC; Wachovia Bank, National Association; and Wachovia Securities International Limited, a U.K. investment firm authorized and regulated by the Financial Services Authority.

Wells Fargo SecuritiesElise Wilkinson, 704-374-6512
[email protected]

Source: Wells Fargo Securities