Capital One Financial (COF) has announced that they will be selling a new issue of $25/share preferred stock.
The permanent ticker will be COF-N (OTC grey market ticker to be announced later. The issue will be split investment grade.
COF has many other issues outstanding which can be seen here. They last sold a preferred issue on 4/29/2021 which carried a 4.375% coupon today trades at $25.12.
J was right on this one.