Dobson calls series F convertible preferreds

By Susanna Moon

Chicago, Aug. 20 - Dobson Communications Corp. said it would redeem all of its series F convertible preferred stock on Oct. 4.

The company said it would pay $178.571 per share plus accrued interest. As of Monday, there were 759,896 outstanding preferred shares.

Investors may convert the preferreds into common stock until the close of business on Oct. 3.

The conversion price is $8.75 per share, or at a rate of 20 common shares for each preferred share, according to a press release.

The company stock (Nasdaq: DCEL) closed at $12.39 on Aug. 17.

UMB Bank NA (attn: Jennifer Fuller, 816 860-3753) is the agent.

Oklahoma City-based Dobson Communications is a provider of wireless communications services to rural markets.

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