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Capital One Financial Corp., 6.20% Dep Shares Non-Cumul Perp Pfd Stock Series F
Ticker Symbol: COF-F* CUSIP: 14040H881 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/01/2020
Security has been Called for: Tuesday, December 1, 2020
Oct. 22, 2020 -- 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, and the corresponding depositary shares representing fractional interests in the Series F Preferred Stock. 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Capital One Financial Corp., 6.20% Depositary Shares each representing a 1/40 interest in a share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/1/2020 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.20% per annum ($1.550 per annum or $0.3875 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 Baa3 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.
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Go to Parent Company's Record (COF)
IPO - 8/17/2015 - 20.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: CPTFP Changed: 8/26/2015
Market Value $500.0 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: 1680 Capital One Drive, McLean, VA 22102 |
| Main Phone Number |
703-720-1000 |
| Fax Number |
Not Available |
| Investor Relations
Derek Conrad
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202-308-9638
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| Toll Free Phone Number |
877-383-4802 |
| CEO - Richard D. Fairbank |
CFO - R. Scott Blackley |
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