Business: American Capital Trust I, 6.00% Cumulative Convertible Trust Preferred Securities, liquidation amount $8.50 per share, guaranteed by American Bank Inc. (NSC: AMBK), redeemable at the issuer's option on or after 3/31/2007 at $8.50 per share plus accrued and unpaid dividends, and maturing 3/31/2032. Distributions of 6.00% ($0.51) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in global security form (NOTE: the ex-dividend date is one business day prior to the record date). The preferred shares are convertible any time at the holder's option into one common share of American Bank Inc. (NSC: AMBK), an initial conversion price of $8.50 per common share. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6.00% Convertible Junior Subordinated Deferrable Interest Convertible Debentures due 3/31/2032 which were purchased from the company using the funds generated from the sale of the convertible trust preferred securities. See the IPO prospectus for further information on the convertible trust preferred securities and their conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.