MCLEAN, Va., Oct. 18, 2021 /PRNewswire/ --
Capital One Financial Corporation (NYSE: COF) (the "Company") today announced that it will redeem all outstanding shares of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G, $0.01 par value per share ("Series G Preferred Stock"), and the corresponding depositary shares representing fractional interests in the Series G Preferred Stock ("Series G Depositary Shares").
The Series G Depositary Shares (NYSE:
COF PRG, CUSIP: 14040H865), each representing a 1/40th interest in a share of Series G Preferred Stock, will be redeemed simultaneously with the redemption of the Series G Preferred Stock at a redemption price of $25 per depositary share (equivalent to $1,000 per share of preferred stock). All 24 million outstanding Series G Depositary Shares will be redeemed on December 1, 2021.
The Company also announced that it will redeem all outstanding shares of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series H, $0.01 par value per share ("Series H Preferred Stock"), and the corresponding depositary shares representing fractional interests in the Series H Preferred Stock ("Series H Depositary Shares").
The Series H Depositary Shares (NYSE:
COF PRH, CUSIP: 14040H840), each representing a 1/40th interest in a share of Series H Preferred Stock, will be redeemed simultaneously with the redemption of the Series H 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 H Depositary Shares will be redeemed on December 1, 2021.