Business: Hamilton Capital Trust I, 9.75% Beneficial Unsecured Securities, Series A, liquidation amount $10.00 per share, guaranteed by Hamilton Bancorp Inc. (Nasdaq: HABK) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 12/31/2008 at $10 per share plus accrued and unpaid dividends, and maturing 12/31/2028. Distributions of 9.75% 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 book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.75% Junior Subordinated Deferrable Interest Debentures due 12/31/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.