Capital One Financial Sells a Preferred Issue-Update
By: Tim McPartland,
Capital One Financial has sold a 6.70% non-cumulative perpetual preferred stock. As is normal for us at this time we have no interest in perpetual preferreds–and of course being a bank the shares are not cumulative.
OTC trading ticker has not yet been announced but details of the issue are here.
Thanks to reader Domenico for the heads up on this issue.
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UPDATE – OTC TRADING ON THURSDAY UNDER TICKER CPFLP
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
