Alamosa Sets Dividend and Record Date for Convertible Preferred Stock
01 April 2004 - 7:55AM
PR Newswire (US)
Alamosa Sets Dividend and Record Date for Convertible Preferred
Stock LUBBOCK, Texas, March 31 /PRNewswire-FirstCall/ -- Alamosa
Holdings, Inc. , the largest (based on number of subscribers) PCS
Affiliate of Sprint , which operates the largest all-digital,
all-CDMA Third-Generation (3G) wireless network in the United
States, today announced its dividend, record and ex-dividend dates
for its 7.5% Series B Convertible Preferred stock. The Company has
set a record date of April 19, 2004 for the second dividend payment
on its 7.5% Series B Convertible Preferred Stock. The dividend will
be payable on April 30, 2004 at an annual rate of 7.5% of the $250
per share liquidation preference, in respect to the period from
February 1, 2004 through April 30, 2004. The ex-dividend date will
be April 15, 2004. Through July 31, 2008, Alamosa Holdings has the
option to pay dividends on the Series B Convertible Preferred Stock
in: (1) cash, (2) shares of the Alamosa Holdings' Series C
convertible preferred stock, (3) shares of Alamosa Holdings common
stock or (4) a combination thereof. The Company's Board of
Directors has elected to pay the full amount of the dividend in
cash. ABOUT ALAMOSA Alamosa Holdings, Inc. is the largest PCS
Affiliate of Sprint based on number of subscribers. Alamosa has the
exclusive right to provide digital wireless mobile communications
network services under the Sprint brand name throughout its
designated territory located in Texas, New Mexico, Oklahoma,
Arizona, Colorado, Utah, Wisconsin, Minnesota, Missouri,
Washington, Oregon, Arkansas, Kansas, Illinois and California.
Alamosa's territory includes licensed population of 15.8 million
residents. FORWARD LOOKING STATEMENTS Statements contained in this
news release that are forward-looking statements, such as
statements containing terms such as can, may, will, expect, plan,
and similar terms, are subject to various risks and uncertainties.
Such forward-looking statements are made pursuant to the "safe-
harbor" provisions of the private Securities Litigation Reform Act
of 1995 and are made based on management's current expectations or
beliefs as well as assumptions made by, and information currently
available to, management. A variety of factors could cause actual
results to differ materially from those anticipated in Alamosa's
forward-looking statements, including the following factors:
Alamosa's dependence on its affiliation with Sprint; shifts in
populations or network focus; changes or advances in technology;
changes in Sprint's national service plans or fee structure with
us; change in population; difficulties in network construction;
increased competition in our markets; adverse changes in financial
position, condition or results of operations. For a detailed
discussion of these and other cautionary statements and factors
that could cause actual results to differ from Alamosa's forward-
looking statements, please refer to Alamosa's filings with the
Securities and Exchange Commission, especially in the "risk
factors" sections of Alamosa's Annual Report on Form 10-K for the
year ended December 31, 2003 and in subsequent filings with the
Securities and Exchange Commission. Investors and analysts should
not place undue reliance on forward-looking statements. DATASOURCE:
Alamosa Holdings, Inc. CONTACT: Jon D. Drake, Director of Investor
Relations of Alamosa Holdings, Inc., +1-806-722-1455,
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