Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities

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Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities

    CHARLOTTE, N.C., June 5 /PRNewswire-FirstCall/ -- Wachovia Preferred
Funding Corp. (NYSE: WNAPr) announced today that its board of directors has
declared a regular quarterly dividend on its Series A 7.25% preferred
securities. The dividend is equal to $0.453125 per Series A security.

    The dividend is payable on June 30, 2008, to holders of record as of
the close of business on June 16, 2008.

    Wachovia Preferred Funding Corp. (NYSE: WNAPr) is an indirect
subsidiary of Wachovia Corporation and is qualified as a real estate
investment trust for federal income tax purposes.

SOURCE Wachovia Corporation

http://www.wachovia.com
CONTACT:
Media Contact: Christy Phillips-Brown,
+1-704-383-8178, Investor Contact: Alice Lehman, +1-704-374-4139,
or Ellen Taylor, +1-704-383-1381, all of Wachovia Corporation