Huntington Preferred Capital, Inc. (HPCI) is a real estate investment trust (REIT). HPCI�s principal business objective is to acquire, hold, and manage mortgage assets and other authorized investments. The mortgage assets held by the Company are participation interests in loans secured by commercial, multi-family or 1-4 family, real estate. Two related parties, Huntington Preferred Capital II, Inc. (HPCII) and Huntington Preferred Capital Holdings, Inc. (Holdings), own its common stock. HPCII and Holdings are direct or indirect subsidiaries of The Huntington National Bank (the Bank). The Bank is a wholly owned subsidiary of Huntington Bancshares Incorporated (Huntington). HPCI owns participation interests in consumer loans primarily secured by a first or junior mortgage on the borrower�s primary residence. Many of these mortgage loans were made for reasons, such as home improvements or debt consolidation.