Tuesday, December 1, 2009

Treasury Auction of Capital One Warrants Set for Thursday

As previously announced, the Treasury has commenced a secondary public offering of warrants to purchase the common stock of Capital One Financial Corporation.

Deutsche Bank Securities Inc., in its capacity as auction agent, has specified that the auction will commence at 8 a.m., Eastern Time, on December 3, 2009, and will close at 6:30 p.m. on that same day.

The auction procedures, and the strike price, expiration, and other terms of the warrants are described in the preliminary prospectus supplement referenced below.

The warrants are being offered pursuant to an effective shelf registration statement that has been filed by the Company with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering filed by the Company with the SEC is here.

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