Press Release

HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock

9 May 2008

Mettawa, IL – HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company’s Series B preferred stock of $0.3975 per depositary share payable June 16, 2008, to shareholders of record on May 31, 2008.

About HSBC Finance Corporation

HSBC Finance Corporation is a subsidiary of HSBC North America Holdings Inc., one of the top ten financial organizations in the United States with assets totalling more than $160 billion.  HSBC Finance Corporation’s subsidiaries provide real estate secured loans, auto loans, credit cards and private label credit cards, personal non-credit card loans, taxpayer financial services and specialty insurance products.

 

Media Contacts

• Diane Soucy Bergan
• Diane.Soucy.Bergan@us.hsbc.com
• HSBC Bank USA, N.A.
• 224-544-3310