Capital One Financial Corporation has announced the full redemption of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, and the corresponding depositary shares. The redemption is set to occur on June 30, 2025, at a price of $1,000 per depositary share, equivalent to $100,000 per share of preferred stock. This action includes the proportional share of any accrued but undeclared dividends for the period leading up to the redemption date. After this date, dividends on the Series P Preferred Stock will cease to accrue. The redemption process will be handled by Computershare Trust Company, N.A., the designated redemption agent.
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