MCLEAN, Va., Oct. 22, 2020 /PRNewswire/ -- Capital One
Financial Corporation (NYSE: COF) today announced that it will
redeem all outstanding shares of its Fixed Rate Non-Cumulative
Perpetual Preferred Stock, Series F, $0.01 par value per share ("Series F Preferred
Stock"), and the corresponding depositary shares representing
fractional interests in the Series F Preferred Stock ("Series F
Depositary Shares").
The Series F Depositary Shares (NYSE: COF PRF, CUSIP:
14040H881), each representing a 1/40th interest in a share of
Series F Preferred Stock, will be redeemed simultaneously with the
redemption of the Series F Preferred Stock at a redemption price of
$25 per depositary share (equivalent
to $1,000 per share of preferred
stock). All 20 million outstanding Series F Depositary Shares will
be redeemed on the dividend payment date of December 1, 2020.
Regular dividends on the outstanding shares of the Series F
Preferred Stock of $15.50 per share
(equivalent to $0.3875 per Series F
Depositary Share) will be paid separately on December 1, 2020 to holders of record as of the
close of business on November 16,
2020, in the customary manner. Accordingly, the redemption
price for the Series F Preferred Stock will not include any accrued
and unpaid dividends. On and after the redemption date, all
dividends on the shares of Series F Preferred Stock will cease to
accrue.
The Series F 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 F Depositary
Shares will be made by Computershare Trust Company, N.A., as
redemption agent, in accordance with the Deposit Agreement that
governs the Series F Depositary Shares. The address for the
redemption agent is as follows:
Computershare Trust Company, N.A.
Attn: Corporate Actions
150 Royall St.
Canton, MA 02021
Forward-Looking Statements
Certain statements in this release may constitute
forward-looking statements, which involve a number of risks and
uncertainties. Capital One cautions readers that any
forward-looking information is not a guarantee of future
performance and that actual results could differ materially from
those contained in the forward-looking information due to a number
of factors, including those listed from time to time in reports
that Capital One files with the Securities and Exchange Commission,
including, but not limited to, the Annual Report on Form 10-K for
the year ended December 31, 2019 and
the Quarterly Report on Form 10-Q for the quarterly period ended
June 30, 2020.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $305.7
billion in deposits and $421.9
billion in total assets as of September 30, 2020. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New
Jersey and the District of
Columbia. A Fortune 500 company, Capital One trades on the
New York Stock Exchange under the symbol "COF" and is included in
the S&P 100 index.
Visit the Capital One newsroom for more Capital One news.
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SOURCE Capital One Financial Corporation