Capital One said it will redeem all outstanding shares of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, and the corresponding depositary shares on June 25, 2025.

1. 01

   Capital One said it will redeem all outstanding shares of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, and the corresponding depositary shares on June 25, 2025.

2. 02

   Capital One said it will redeem the Series P Depositary Shares on June 30, 2025 at $1,000 per depositary share ($100,000 per share of preferred stock).

3. 03

   The company said the redemption price will include a proportionate share of accrued dividends on the Series P Preferred Stock that have not been declared and paid, for the period from March 23, 2025 to, but excluding, the redemption date. It also said no dividends on the Series P Preferred Stock will accrue on and after the redemption date.

4. 04

   The company said all 500,000 outstanding Series P Depositary Shares will be redeemed. The shares are held through DTC, and Computershare Trust Company, N.A., as redemption agent, will make payment to DTC.

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Original filing

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