Capital One Financial Sells a Preferred Issue-Update

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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.

UPDATE – OTC TRADING ON THURSDAY UNDER TICKER CPFLP

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