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Huntington Preferred Capital, Inc. Declares Quarterly Cash Dividend

COLUMBUS, Ohio -- May 14, 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 June 30, 2008, to shareholders of record on June 2, 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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