OKLAHOMA CITY, Aug. 22, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today declared in-kind dividends on its outstanding Series F Convertible Preferred Stock for the dividends due October 15, 2004, April 15, 2005 and October 15, 2005. The CUSIP numbers for the Series F Convertible Preferred Stock are 256 069 402, 256 069 709, 256 069 600 and U 254 01 206.
The dividends due on October 15, 2004 and April 15, 2005 will be payable on September 12, 2005 to holders of record at the close of business on September 1, 2005. Holders of Series F Convertible Preferred Stock will receive 0.0700 additional shares of Series F Convertible Preferred Stock for each share held at the close of business on the September 1, 2005 record date. In addition, holders will receive $0.5736 in cash for each share held at the close of business on the record date as an interest payment on these dividends. These dividends cover the period April 15, 2004 to April 14, 2005.
The dividend due on October 15, 2005 will be payable on October 15, 2005 to holders of record at the close of business on September 30, 2005. Holders of shares of Series F Convertible Preferred Stock will receive 0.0350 additional shares of Series F Convertible Preferred Stock for each share held at the close of business on the September 30, 2005 record date. This dividend covers the period April 15, 2005 to October 14, 2005.
The dividends have an annual rate of 7% of the $178.571 per share liquidation preference value of the preferred stock. Dobson is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, Dobson owns wireless operations in 16 states. For additional information on Dobson and its operations, please visit its Web site at www.dobson.net.