other_material
confidence high
sentiment neutral
materiality 0.45
Capital One to redeem all Series P preferred depositary shares on June 30
CAPITAL ONE FINANCIAL CORP
- Company will redeem all 500,000 outstanding Series P Depositary Shares on June 30, 2025.
- Redemption price of $1,000 per depositary share plus accrued dividends from March 23 to June 30.
- Dividends on Series P preferred stock will cease after the redemption date.
- Total redemption proceeds approximately $500 million plus accrued dividends.
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