UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 18, 2007
Price Communications Corporation
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(Exact Name of Registrant as Specified in Its Charter)
New York, New York
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(State or Other Jurisdiction of Incorporation)
001-08309 13-2991700
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(Commission File Number) (IRS Employer Identification No.)
45 Rockefeller Plaza, New York, New York 10020
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(Address of Principal Executive Offices) (Zip Code)
(212) 757-5600
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On April 18, 2007, Price Communications Corporation issued a press release
announcing a dividend of $.19 per share payable on May 15, 2007 to stockholders
of record on May 1, 2007. A copy of the press release is filed as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
April 19, 2007 PRICE COMMUNICATIONS CORPORATION
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(Registrant)
By: /s/ Kim I. Pressman
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Name: Kim I. Pressman
Title: Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
Number Exhibit
99.1 Press release, issued April 18, 2007
EXHIBIT 99.1
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PRICE COMMUNICATIONS CORPORATION
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News Release Contact:
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April 18, 2007 Robert Price
212-757-5600
PRICE COMMUNICATIONS CORPORATION
ANNOUNCES DIVIDEND OF $.19 PER SHARE
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NEW YORK, April 18, 2007- Price Communications Corporation,
formerly listed on the New York Stock Exchange with the symbol PR,
announced today that its board of directors had declared a dividend of $.19
per share payable on May 15, 2007 to stockholders of record on May 1, 2007.
The dividend represents the estimated net after tax proceeds
to the Company from the Verizon Communications dividend that the Company
will receive on May 1, 2007.
Earlier this year, the Company's shareholders voted to
dissolve, which will result in a distribution to shareholders in August of
2007 of substantially all the Company's remaining cash and its Verizon
shares (other than as required by law to pay or provide for the payment of
liabilities). The Company is headquartered in New York City. Price
Communications Corporation is a public company (current symbol: PCMC.PK),
with approximately 56.4 million shares outstanding and as stated above was
formerly listed on the New York Stock Exchange with the symbol PR. Its
shares are now traded over the counter on the pink sheets.