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| related topics |
| {stock, price, share} |
| {loan, real, estate} |
| {condition, economic, financial} |
| {regulation, change, law} |
| {tax, income, asset} |
| {acquisition, growth, future} |
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HPCI s concentration in participation interests in commercial real estate loans is subject to certain risks inherent in the underlying commercial real estate assets.
A decline in the Bank s capital levels may result in HPCI s preferred securities being subject to a conditional exchange into Bank preferred securities at a time when the Bank s financial condition is deteriorating. Consequently, the likelihood of dividend payments, as well as the liquidation preference, taxation, voting rights, and liquidity of securities would be negatively impacted.
Bank regulators may limit HPCI s ability to implement its business plan and may restrict its ability to pay dividends.
Dividends are not cumulative; preferred shareholders are not entitled to receive dividends unless declared by HPCI s board of directors.
HPCI is dependent, in virtually every phase of its operations, on the diligence and skill of the officers and employees of the Bank, and its relationship with the Bank may create potential conflicts of interest.
HPCI s assets may be used to guarantee certain of the Bank s obligations that will have a preference over the holders of HPCI s preferred securities.
New, or changes in existing, tax, accounting, and regulatory laws, regulations, rules, standards, policies, and interpretations could significantly impact HPCI s strategic initiatives, results of operations, cash flows, financial condition, and ability to pay dividends.
The extended disruption of Huntington s vital infrastructure could negatively impact HPCI s business, results of operations, financial condition, and ability to pay dividends.
HPCI has no control over changes in interest rates and such changes could negatively impact its financial condition, results of operations, and ability to pay dividends.
HPCI could suffer adverse tax consequences if it failed to qualify as a REIT.
Environmental liabilities associated with real property securing loans underlying HPCI s participation interests could reduce the fair market value of its participation interests and make the property more difficult to sell.
HPCI may redeem the Class C and Class D preferred securities upon the occurrence of certain special events and holders of such securities may receive a redemption amount that is less than the then current market price for the securities.
Full 10-K form ▸
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