MANKATO, Minn.--(BUSINESS WIRE)--Sep. 22, 2014--
Corporation (NASDAQ: ENVE)
today announced its Board of Directors voted to declare a special
dividend of $0.074 per share of Enventis stock. The dividend is payable
on October 15, 2014 for shareholders of record on October 2, 2014.
As Enventis prepares for the merger with Consolidated Communications
Holdings, Inc. (NASDAQ: CNSL) during the fourth quarter of 2014, it is
declaring a special dividend to align Enventis shareholders dividends
with the current CNSL dividend policy. In accordance with the current
CNSL dividend policy and subject to the discretion of and declaration by
the CNSL board of directors, the first dividend Enventis shareholders
would receive as shareholders of CNSL would be payable Feb. 1, 2015 (for
November and December 2014 and January 2015) for shareholders of record
on Jan. 15, 2015. The CNSL board of directors has declared dividends of
$0.38738 per share of CNSL’s common stock for 37 consecutive quarters.
Enventis has suspended its automatic dividend reinvestment plan pending
completion of the merger with Consolidated Communications and
participants in this plan will receive the cash dividend payment instead
of shares of Enventis common stock.
CNSL’s policy, which is subject to the discretion of CNSL’s board of
directors, has been to consistently pay its dividend on a quarterly
basis as follows: payable Feb. 1 for shareholders of record as of Jan.
15, payable May 1 for shareholders of record as of April 15, payable
Aug. 1 for shareholders of record as of July 15, payable November 1 for
shareholders of record as of Oct. 15.
Enventis (NASDAQ: ENVE)
is a leading provider of advanced communication solutions including data,
services to businesses throughout the upper Midwest. The company also
provides residential broadband services in select southern Minnesota and
northwest Iowa communities. The Enventis fiber network spans more than
4,200 route miles across Minnesota and into Iowa, North Dakota, South
Dakota and Wisconsin. The company has 520 employees with corporate
headquarters located in Mankato, Minn. and a 116-year track record of
stability. Learn more about Enventis at www.enventis.com.
This communication relates to the
proposed merger transaction pursuant to the terms of the Agreement and
Plan of Merger, dated as of June 29, 2014, among Enventis Corporation
(“Enventis”), Consolidated Communications Holdings, Inc.
(“Consolidated”) and Sky Merger Sub Inc., a wholly-owned subsidiary of
Consolidated has filed with the Securities and Exchange Commission
(“SEC”) a registration statement on Form S-4 in connection with the
proposed merger transaction that includes the preliminary proxy
statement of Enventis, which also constitutes a prospectus of
Consolidated. The Form S-4 was declared effective by the SEC on August
22, 2014. Enventis mailed to its shareholders the definitive joint proxy
statement/prospectus regarding the proposed merger transaction on August
28, 2014. Enventis urges investors and security holders to read the
joint proxy statement/prospectus (including all amendments and
supplements to it) and other documents relating to the merger
transaction, because they contain important information about Enventis,
Consolidated and the proposed transaction. Investors and security
holders may obtain a free copy of the Form S-4 and the joint proxy
statement/prospectus and other documents relating to the merger
transaction from the SEC’s website at www.sec.gov,
Enventis’ website at www.enventis.com
and Consolidated’s website at www.consolidated.com.
In addition, copies of the preliminary joint proxy statement/prospectus
and such other documents may be obtained from Enventis free of charge by
directing a request to Enventis Corporation, 221 East Hickory Street,
P.O. Box 3248, Mankato, MN 56002-3248, Attn: Investor Relations,
telephone: (507) 387-3355.
Certain Information Regarding Participants
Enventis and its
directors and executive officers may be deemed, under SEC rules, to be
participants in the solicitation of proxies from Enventis’ shareholders
with respect to the proposed merger transaction. Security holders may
obtain information regarding the names, affiliations and interests of
such individuals in the proposed merger transaction in the joint proxy
statement/prospectus that was included in the registration statement on
Form S-4 filed by Consolidated. Copies of the Form S-4 and the joint
preliminary proxy statement/prospectus may be obtained free of charge as
set forth in the previous paragraph.
Source: Enventis Corporation
Jennifer Spaude, 507-386-3765