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Huntington Preferred Capital, Inc. Declares Quarterly Cash Dividend

COLUMBUS, Ohio -- March 11, 2008 --– Huntington Preferred Capital, Inc. (NASDAQ: HPCCP), declared a regular quarterly dividend of $0.4921875 per share on its Class C preferred stock.  The dividend is payable March 31, 2008, to shareholders of record on March 21, 2008.

Huntington Preferred Capital, Inc. is an Ohio corporation that acquires, holds, and manages mortgage assets and other authorized investments that will generate net income for distribution to shareholders.

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