SECURITY DESCRIPTION: EOS Preferred Corp., 8.50% Non-Cumulative Exchangeable Preferred Stock, Series D, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/15/2009 at $25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 8.50% ($2.125) per annum paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the last business day of the previous quarter. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are exchangeable into preferred shares of Aurora Bank FSB if the bank is under capitalized or is in receivership. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
