Business
Capital One Announces Full Redemption of Depositary Shares Representing Interests in Its Series P Preferred Stock
Capital One Financial Corporation (NYSE: COF) (the "Company") today announced that it will redeem all outstanding shares of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, $0.01 par value per share ("Series P Preferred Stock"), and the corresponding depositary shares representing fractional interests in the Series P Preferred Stock ("Series P Depositary Shares").
About this update from Capital One Financial Corporation
[{"type":"text","content":"Full Redemption of Depositary Shares Representing Interests in its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P","length":146,"tagName":"p","attribs":{}},{"type":"text","content":"MCLEAN, Va., June 25, 2025 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) (the "Company") today announced that it will redeem all outstanding shares of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, $0.01 par value per share ("Series P Preferred Stock"), and the corresponding depositary shares representing fractional interests in the Series P Preferred Stock ("Series P Depositary Shares").","length":480,"tagName":"p"},{"type":"text","content":"The Series P Depositary Shares (CUSIP: 14040HDL6), each representing a 1/100th interest in a share of Series P Preferred Stock, will be redeemed simultaneously with the redemption of the Series P Preferred Stock on June 30, 2025 (the "Series P Redemption Date") at a redemption price of $1,000 per depositary share (equivalent to $100,000 per share of preferred stock), plus an amount equal to the proportionate share of the dividends on the Series P Preferred Stock that would have accrued but have not been declared and paid for the period from March 23, 2025, to, but excluding the Series P Redemption Date. On and after the Series P Redemption Date, all dividends will cease to accrue on the Series P Preferred Stock. All 500,000 outstanding Series P Depositary Shares will be redeemed on the Series P Redemption Date.","length":852,"tagName":"p","attribs":{}},{"type":"text","content":"The Series P Depositary Shares are held through The Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series P Depositary Shares will be made by Computershare Trust Company, N.A., as redemption agent, in accordance with the Deposit Agreement that governs the Series P Depositary Shares. The address for the redemption agent is as follows:","length":432,"tagName":"p","attribs":{}},{"type":"text","content":"Computershare Trust Company, N.A.Attn: Corporate Actions150 Royall St.Canton, MA 02021","length":89,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{...