Oct. 21, 2019 -- Capital One Financial Corporation today announced that it will redeem all outstanding shares of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, $0.01 par value per share, and the corresponding depositary shares representing fractional interests in the Series C Preferred Stock. Capital One will also redeem all outstanding shares of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, $0.01 par value per share, and the corresponding depositary shares representing fractional interests in the Series D Preferred Stock. The Series C Depositary Shares (NYSE: COF PRC, CUSIP: 14040H600), each representing a 1/40th interest in a share of Series C Preferred Stock, and the Series D Depositary Shares (NYSE: COF PRD, CUSIP: 14040H709), each representing a 1/40th interest in a share of Series D Preferred Stock, will be redeemed simultaneously with the redemption of the respective Series C Preferred Stock or Series D Preferred Stock, in each case at a redemption price of $25 per depositary share (equivalent to $1,000 per share of preferred stock). All 20 million outstanding Series C Depositary Shares, and all 20 million outstanding Series D Depositary Shares, will be redeemed on the dividend payment date of December 2, 2019. Regular dividends on the outstanding shares of the Series C Preferred Stock of $15.625 per share (equivalent to $0.390625 per Series C Depositary Share) and regular dividends on the outstanding shares of the Series D Preferred Stock of $16.750 per share (equivalent to $0.41875 per Series D Depositary Share) will be paid separately to holders of record as of the close of business on November 15, 2019, in the customary manner. Accordingly, the redemption price for the Series C Preferred Stock and the redemption price for the Series D Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series C Preferred Stock and all dividends on the shares of Series D Preferred Stock will cease to accrue.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Capital One Financial Corp., 6.70% Depositary Shares each representing a 1/40 interest in a share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/1/2019 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.70% per annum ($1.675 per annum or $0.41875 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be the 15th calendar day prior to the payment date or on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-28 of the prospectus for further information). This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.70% $1.68	$25.00 $25.00	Called for 12/02/2019 None	Baa3 BB 9/30/2019	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     https://www.capitalone.com/
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Inv Rel Email Address	derek.conrad@capitalone.com
General Email Address	investor.relations@capitalone.com
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Address and Phone Numbers

Address:   1680 Capital One Drive, McLean, VA 22102
Main Phone Number	703-720-1000
Fax Number	Not Available
Investor Relations   Derek Conrad	202-308-9638
Toll Free Phone Number	877-383-4802

CEO - Richard D. Fairbank

CFO - R. Scott Blackley