Capital One Files Certificate of Elimination for Series M Preferred Stock Following Full Redemption
CAPITAL ONE FINANCIAL CORP
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Filing Summary
Capital One Financial Corp ($COF) filed Form 8-K reporting the filing of a Certificate of Elimination with Delaware following the full redemption of all 1,000,000 outstanding shares of its Series M Preferred Stock on September 1, 2026.
Comprehensive Analysis
Event Summary
On September 1, 2026, Capital One Financial Corporation filed a Certificate of Elimination with the Secretary of State of the State of Delaware regarding its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M.
Key Highlights
- Redemption & Elimination: All 1,000,000 outstanding shares of Series M Preferred Stock were redeemed on September 1, 2026, in accordance with the terms of the original Certificate of Designations dated June 9, 2021.
- Capital Structure Impact: Following the redemption and filing of the Certificate of Elimination, the number of designated Series M shares was reduced to zero. The 1,000,000 redeemed shares resume their status as authorized but undesignated shares of preferred stock ($0.01 par value per share), available for future designation.
- Trading Significance: Low. This is a standard corporate governance and balance sheet management action reflecting the planned retirement of a preferred stock series.
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Important Disclaimer
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