Capital One Financial Corp (COF)

[OptionMonster]

They stop us from shorting these stocks now the companies do this???>>>WTF!!>>>

Capital One Financial Corporation Announces Proposed Common Share Offering

MCLEAN, Va., Sept. 23 /PRNewswire-FirstCall/ -- Capital One Financial Corporation (NYSE:COF) today announced a proposed public offering of 14 million shares of its common stock. Capital One also expects to grant the underwriters for the offering an overallotment option to purchase additional shares of common stock. Net proceeds from the offering will be used for general corporate purposes. The offering is being conducted as a public offering registered under the Securities Act of 1933. General corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in the Company's subsidiaries. Net proceeds may be temporarily invested prior to deployment for their intended purposes.

The joint bookrunning managers for the offering are Citigroup Global Markets Inc. and J. P. Morgan Securities, Inc.

Capital One has filed a registration statement (including prospectus) with the SEC for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and these offerings. You may get these documents for free by visiting EDGAR on the SEC Web site at http://www.sec.gov/. Alternatively, the issuer, any underwriter or any dealer participating in the offerings will arrange to send you the relevant prospectus if you request it by contacting Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal 140, 58th Street, 8th Floor, Brooklyn, New York 11220 or by calling toll-free [phone] or by facsimile at [phone] or J. P. Morgan Securities Inc., Chase Distribution & Support Service, Attn: Charles Buckheit/Bob Foley, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 or by calling 718-242-8002.