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Technology Stocks : XO Communications (XOXO)
XOXO 34.990.0%Dec 21 4:00 PM EST
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To: miamigator who wrote (660)11/5/2001 2:32:55 PM
From: AV8R  Read Replies (1) of 1018
 
News:

Monday November 5, 2:27 pm Eastern Time
Press Release
SOURCE: XO Communications
XO Communications Announces Dividend On Its 13.5 Percent Series E Redeemable Exchangeable Preferred Stock
RESTON, Va.--(BUSINESS WIRE)--Nov. 5, 2001--XO Communications, Inc. (Nasdaq:XOXO - news), one of the world's fastest growing providers of broadband communications services, announced today that it has declared a regular quarterly dividend on its 13.5 percent series E Senior Redeemable Exchangeable Preferred Stock.

The dividend is payable in stock at a rate of .03375 preferred shares for each preferred share owned. The dividend is payable on December 1, 2001 to shareholders of record as of November 15, 2001.

This dividend is payable only to holders of XO's series E Senior Redeemable Exchangeable Preferred Stock and does not apply to holders of XO's Class A Common Stock.

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