Wachovia Dealer Services

Wachovia Preferred Funding Corp. (Wachovia Funding) focuses to acquire, hold and manage domestic mortgage assets, and other authorized investments. As of December 31, 2011, Wachovia Funding is a direct subsidiary of Wachovia Preferred Funding Holding Corp. (Wachovia Preferred Holding) and an indirect subsidiary of both Wells Fargo & Company (Wells Fargo) and Wachovia Bank, National Association (the Bank). One of its subsidiaries, Wachovia Real Estate Investment Corp. (WREIC), operates as a real estate investment trust (a REIT). Wachovia Funding’s other subsidiary is Wachovia Preferred Realty, LLC (WPR). Wachovia Funding owns 98.20% of the outstanding member interests in WPR and the remaining 1.80% is owned by the Bank.

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