At altitudes near 5000 km over the southern polar cap region of the terrestrial magnetosphere/ionosphere, the Thermal Ion Dynamics Experiment (TIDE) on board the Polar satellite has observed O+ ion density trough regions, in which the O+ densities were at least one order of magnitude lower than the surrounding O+ densities. In the O+ density trough regions, the estimated O+ densities were generally lower than 0.01 per cc. The boundaries between normal density level regions and the trough density regions were usually abrupt transitions. From 1 December 1997 to 30 November 1998, polar cap O+ troughs in Polar/TIDE observations occurred at a frequency of about 48%. Statistical examination of the Polar perigee observations from 1 December 1997 to 30 November 1998 shows that the Polar perigee passes evenly covered the southern polar cap region, while the O+ density trough was always located on the nightside portion of the polar cap magnetosphere/ionosphere, and that invariant latitude spans of such troughs could be as large as 23¿ in extent. The trough occurrence displayed a strong seasonal dependence; in the winter season (e.g., for July in the Southern Hemisphere) the O+ ion density trough occurrence frequency ranged up to 92%, while in the summer season (e.g., for January in the Southern Hemisphere) it decreased to as low as 15%. Our statistical results show that the trough occurrence was generally anticorrelated with solar wind dynamic pressure in the solar wind dynamic pressure range 0.8--2.6 nanopascal. The O+ ion density trough occurrence appeared relatively independent of the geomagnetic Kp index, IMF Bz, and By conditions. However, as suggested by the seasonal dependence, the O+ ion density trough occurrence was strongly related to the solar zenith angle (SZA). In the SZA range 50¿ to 125¿, the trough occurrence increased monotonically with SZA. In addition, we sought to determine consistent density and velocity signatures at lower altitudes associated the O+ ion density trough at 5000 km by examining the near-simultaneous O+ densities and vertical velocities observed by the DMSP satellite group orbiting at 840 km altitude. However, consistent correlations between the dual altitudes were not reliably established from the present examinations.