WESCO Preferred Shareholders Face NYSE Delisting Impact - What to Know
Rhea-AI Filing Summary
Wesco International has filed Form 25-NSE to notify the removal of its Depositary Shares (representing 1/1,000th interest in Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock) from listing and registration on the New York Stock Exchange (NYSE).
The delisting notification was filed on June 28, 2025, with the actual certification dated June 23, 2025, by NYSE analyst Tyler Mastronardi. The company's principal executive offices are located in Pittsburgh, Pennsylvania.
This regulatory filing indicates a significant change in Wesco's capital structure and trading status. The delisting process is being conducted in compliance with SEC rules under Section 12(b) of the Securities Exchange Act of 1934. This action specifically affects the preferred stock depositary shares while not impacting the company's common stock listing.
Positive
- None.
Negative
- WESCO International's Depositary Shares (preferred stock) are being delisted from the NYSE, which could reduce trading liquidity for these securities