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Published on 1/4/2002 in the Prospect News High Yield Daily.

Adelphia Business Solutions will not pay PIK dividend on preferreds

New York, Jan. 4 - Adelphia Business Solutions, Inc. said it will not make the payment-in-kind dividend due Jan. 15 on its 12 7/8% senior exchangeable redeemable preferred stock.

Dividends will continue to accrue until paid, the Coudersport, Pa. communications company added.

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