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
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.
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SOURCE Capital One Financial Corporation
Investor Relations: Jeff Norris, 703.720.2455; Danielle Dietz, 703.720.2455; Media Relations: Sie Soheili, 703.720.3929; Tatiana Stead, 703.720.2352