Friday, December 4, 2009

Treasury Nets $145 Million "for the taxpayers"...-

from the sale of Capital One warrants.

The Department of the Treasury announced today that it priced a secondary public offering of 12,657,960 warrants to purchase common stock of Capital One Financial Corporation (the "Company") at $11.75 per warrant. The net proceeds to Treasury from the offering are expected to be approximately $146,500,064.55.

The warrants have been authorized for listing on the New York Stock Exchange under the symbol “COF WS.”

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