Capital One to redeem all series G, series H preferred stock

Chicago, Oct. 18 – Capital One Financial Corp. said it will redeem all of its series G and series H preferred stock, according to an 8-K filing with the Securities and Exchange Commission.

The series G depositary shares (Cusip: 14040H865), each representing a 1/40th interest in a share of series G preferred stock, will be redeemed simultaneously with 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 shares will be redeemed on Dec. 1.

The series H depositary shares (Cusip: 14040H840), each representing a 1/40th interest in a share of series H preferred stock, will be redeemed simultaneously with 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 Dec. 1.

Any declared dividends will be paid in the customary manner on Dec. 1.

Capital One is a McLean, Va.-based financial services holding company.

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