Alamosa Announces Dividend and Record Date for Convertible Preferred Stock
January 27 2006 - 3:42PM
Business Wire
Alamosa Holdings, Inc. (Nasdaq/NM: APCS), today announced its
dividend and record dates for its 7.5% Series B Convertible
Preferred Stock. The record date for the dividend payment is
January 17, 2006, payable on January 31, 2006 at an annual rate of
7.5% of the $250 per share liquidation preference. 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 January 31, 2006 dividend in cash. ABOUT ALAMOSA
Alamosa is the largest (based on number of subscribers) Sprint PCS
Affiliate of Sprint Nextel, which operates the largest all-digital,
all-CDMA Third-Generation (3G) wireless network in the United
States. Alamosa has the exclusive right to provide digital wireless
mobile communications network services under the Sprint Nextel
brand name throughout its designated territory located in Texas,
New Mexico, Oklahoma, Arizona, Colorado, Utah, Wisconsin,
Minnesota, Missouri, Washington, Oregon, Arkansas, Kansas,
Illinois, California, Georgia, South Carolina, North Carolina and
Tennessee, which includes a licensed population of 23.2 million
residents. FORWARD LOOKING STATEMENTS A number of the matters
discussed in this document that are not historical or current facts
deal with potential future circumstances and developments, in
particular, information regarding the acquisition of Alamosa. The
discussion of such matters is qualified by the inherent risks and
uncertainties surrounding future expectations generally, and also
may materially differ from actual future experience involving any
one or more of such matters. Such risks and uncertainties include:
satisfaction of various conditions to the closing of the merger
contemplated by the merger agreement and the risks that have been
described from time to time in Alamosa's reports filed with the
SEC, including its annual report on Form 10-K for the year ended
December 31, 2004 as amended, and its quarterly reports on Form
10-Q filed in 2005. This document speaks only as of its date, and
Alamosa disclaims any duty to update the information herein.
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