CHARLOTTE, N.C., Sept 04, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- 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 Sept. 30, 2008, to holders of record as of the
close of business on Sept. 15, 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

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