Item 8.01. Other Events

On June 17, 2009, Capital One Financial Corporation (the "Company") completed the repurchase of the 3,555,199 shares of the Company's Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the "Preferred Stock") issued to the U.S. Department of the Treasury under the Capital Purchase Program of the Troubled Asset Relief Program on November 14, 2008. The Company paid approximately $3.57 billion to repurchase the Preferred Stock, which amount included accrued dividends to the repurchase date.

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