Alamosa Sets Dividend and Record Date for Convertible Preferred Stock
July 01 2005 - 7:30AM
Business Wire
Alamosa Holdings, Inc. (Nasdaq/NM:APCS), 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
July 18, 2005 for the dividend payment, payable on August 1, 2005
at an annual rate of 7.5% of the $250 per share liquidation
preference. The ex-dividend date will be July 14, 2005. 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 August 1, 2005 dividend in cash. ABOUT ALAMOSA
Alamosa Holdings, Inc. is the largest (based on number of
subscribers) PCS Affiliate of Sprint (NYSE: FON), 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 brand name throughout its designated territory
located in Texas, New Mexico, Oklahoma, Arizona, Colorado, Utah,
Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas,
Kansas, Illinois, California, and subsequent to year end in
Georgia, South Carolina, North Carolina and Tennessee. Alamosa's
territory includes licensed population of 23.2 million residents,
including 15.8 million residents in Alamosa's territories and 7.4
million residents in the recently acquired AirGate properties.
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 and 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, 2004 and in subsequent filings with the
Securities and Exchange Commission. Investors and analysts should
not place undue reliance on forward-looking statements.
Alamosa (NASDAQ:APCS)
Historical Stock Chart
From Apr 2024 to May 2024
Alamosa (NASDAQ:APCS)
Historical Stock Chart
From May 2023 to May 2024