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Huntington Preferred Capital, Inc. Declares Quarterly Cash Dividend

COLUMBUS, Ohio -- August 11, 2008 - Huntington Preferred Capital, Inc. has declared a regular quarterly dividend of $0.4921875 per share on its Class C preferred stock. The dividend is payable September 30, 2008, to shareholders of record on August 18, 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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