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Chevy Chase Bank, 8% Non-cumulative Perpetual Preferred Stock, Series C
Ticker Symbol: CCX-C* CUSIP: 166779207 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/30/2009
Security has been Called for: Monday, March 30, 2009
Feb. 27, 2009 -- Capital One Financial Corporation (NYSE: COF) today announced that it has completed its acquisition of Chevy Chase Bank. Additionally, Chevy Chase Bank announced today that the redemption date for its 8 percent Noncumulative Perpetual Preferred Stock, Series C (CCX-PrC), the 6-7/8 percent Debentures due 2013 issued by Chevy Chase Bank pursuant to an Indenture, dated December 2, 2003, by and between Chevy Chase Bank and Wells Fargo Bank Minnesota, N.A., and the 10-3/8 percent Noncumulative Exchangeable Preferred Stock, Series A (CCP-PrA), issued by Chevy Chase Bank's REIT subsidiary, Chevy Chase Preferred Capital Corporation, will be March 30, 2009. The redemption price for the Series C Preferred Stock will be $25.00 per share, plus the quarterly accrued and unpaid dividend (whether or not declared) to March 30, 2009, the redemption price for the Debentures will be 103.4375 percent of the aggregate principal amount of the outstanding debentures, plus accrued and unpaid interest to, but not including, March 30, 2009 and the redemption price for the Series A Preferred Stock will be 103.112 percent of the $50 liquidation preference, plus the quarterly accrued and unpaid dividend (whether or not declared) to March 30, 2009. Notices of redemption including instructions for the surrender of the securities will be mailed to holders on February 27, 2009. For additional information on redemption of the debentures, holders should contact the Trustee, Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9303-121, 6th Street & Marquette Avenue, Minneapolis, MN 55479, Telephone: 800-344-5128. For additional information on redemption of either series of preferred stock, stockholders should contact the paying agent, Wells Fargo Shareowner Services, Corporate Actions Department, P.O. Box 64858, St. Paul, MN 55164-0858, Telephone: 877-262-8260.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Chevy Chase Bank, 8% Noncumulative Perpetual Preferred Stock, Series C, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/01/2008 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 8.00% ($2.00) per annum paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the date fixed by the board, not more than 45 days or less than 10 days prior to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. Chevy Chase Bank is a privately held company. The series C preferred was issued on 10/1/2003. The prospectus for CCX-C was filed with the Office of Thrift Supervision and is not available online.
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Go to Parent Company's Record (COF)
IPO - 10/1/2003 - 4.35 Million Shares @ $25.00/share.
Market Value $109.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 8401 Connecticut Avenue, Chevy Chase, MD 20815 |
| Main Phone Number |
301-986-7000 |
| Fax Number |
Not Available |
| Investor Contact
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301-987-2265
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| Toll Free Phone Number |
800-987-2265 |
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