Prospectus excerpt: The 7.50% Capital Securities (the "Capital Securities") offered hereby will represent undivided beneficial ownership interests in the assets of Dillard's Capital Trust I, a statutory business trust created under the laws of the State of Delaware (the "Issuer Trust"). Dillard's, Inc. (the "Company") will initially be the owner, directly or indirectly, of all the beneficial interests represented by common securities of the Issuer Trust (the "Common Securities" and, together with the Capital Securities, the "Trust Securities"). The Issuer Trust exists for the sole purpose of issuing the Trust Securities and investing the proceeds thereof in 7.50% Subordinated Deferrable Interest Debentures (the "Subordinated Debentures," and together with the Trust Securities, the "Securities") to be issued by the Company. The Subordinated Debentures will mature on August 1, 2038 (such date, as it may be advanced under certain circumstances, as hereinafter described, the "Stated Maturity"), which may be advanced to a date not earlier than August 1, 2013.
Dillard's is an apparel, cosmetics and home furnishing retailer. Co. operates Co.-stores, including clearance centers, and an Internet store providing a range of merchandise such as apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. Co. also operates a general contracting construction company, CDI Contractors, LLC, a subsidiary of Co., which engages in constructing and remodeling stores for Co. Customers may visit Co. in person at its retail stores located in shopping malls and open-air centers throughout the southwest, southeast and midwest regions of the U.S. Co.'s customers may also visit it online at its e-Commerce site, dillards.com.
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