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Investor Info 2000 For Immediate Release: Friday, June 9, 2000 Contact:
Maurice L. Arel, President & Chief Executive Officer Pennichuck Announces Third Quarter 2000 Common Dividend Maurice
L. Arel, President and Chief Executive Officer of Pennichuck Corporation,
announced today that the Company's Board of Directors recently declared
a quarterly dividend of $.24 per share payable on August 15, 2000 to
shareholders of record as of August 1, 2000. This quarterly dividend
remained unchanged from the previous quarter and the Company's annualized
dividend rate is currently $.96 per share. Mr. Arel also noted that
the Company’s next dividend reinvestment date under the Company’s Common
Stock Purchase and Dividend Reinvestment Plan is August 15, 2000. Any
shareholders wishing to purchase additional shares under that plan should
ensure that their payment is received by the Company’s transfer agent
no sooner than July 17, 2000 and no later than August 8, 2000. Pennichuck Corporation, a New Hampshire corporation, is a holding company whose operating subsidiaries are involved in diversified activities such as water supply and distribution, operations and maintenance contracts, laboratory testing and real estate development and management. Pennichuck is traded on the Nasdaq National Market System under the symbol PNNW. |