Capital One Financial Corp Redeems Series M Preferred Stock

What Happened
Capital One Financial Corporation announced it will redeem all outstanding shares of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M (CUSIP: 14040HCF0). All 1,000,000 shares will be redeemed on September 1, 2026 at a redemption price of $1,000 per share. Regular dividends on the Series M shares will be paid separately on the redemption date to holders of record as of the close of business on August 17, 2026; dividends will cease to accrue on and after September 1, 2026. The company issued a press release dated August 20, 2026 announcing the redemption.

Key Details

• Redemption date: September 1, 2026
• Record date for dividend payment: August 17, 2026 (close of business)
• Redemption price: $1,000.00 per share
• Shares affected: 1,000,000 outstanding Series M shares (total cash implied ≈ $1,000,000,000)
• CUSIP: 14040HCF0

Why It Matters
For holders of Series M preferred stock, the filing confirms they will receive $1,000 per share plus the regular dividend payable on the redemption date (for holders of record on August 17), and no further dividends will accrue after September 1, 2026. For the company, redeeming all Series M shares represents a one-time cash outflow of about $1.0 billion and removes this series of preferred stock from its outstanding capital structure. Retail investors holding or tracking Capital One preferred issues should note the dates and settlement details; other investors can view this as a capital-structure change disclosed in the company’s 8-K.