SECURITIES ANDEXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 6 -K

 

 

Report of ForeignPrivate Issuer

 

Pursuant to Rule13a-16 or 15d-16 

Of the SecuritiesExchange Act of 1934

 

Forthe month of June 2006

 

Commission FileNumber 1-03006

 

Philippine LongDistance Telephone Company

(Exact Name ofRegistrant as specified in its Charter)

 

Ramon Cojuangco Building

Makati Avenue

Makati City

Philippines

(Address ofprincipal executive offices)

 

 

(Indicate bycheck mark whether the registrant files or will file annual reports under coverof Form 20-F or Form 40-F.)

 

| Form 20-F:  y | Form 40-F:  o |
|---------------|---------------|

 

 

(Indicate bycheck mark whether by furnishing the information contained in this form, theregistrant is also thereby furnishing the information to the commission pursuantto Rule 12g3-2(b) under the Securities Exchange Act 1934.)

 

| Yes: o | No:  y |
|--------|--------|

 

 

(If “Yes” ismarked, indicate below the file number assigned to the registrant in connectionwith Rule 12g3-2(b):  82-_____)

 

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

A copy of thedisclosure letter we sent today to the Philippine Stock Exchange and theSecurities and Exchange Commission regarding cash dividend declaration on theCompany’s Series V, VI and VII Convertible Preferred Stock.

 

 

 

June13, 2006

 

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:    Ms.Jurisita M. Quintos

SVP– Operations Group 

 

Gentlemen:

 

            In compliance with thedisclosure requirements of the Philippine Stock Exchange, we advise that duringthe meeting of the Board of Directors of our Company on June 13, 2006, thefollowing cash dividends were declared out of the unrestricted retainedearnings of the Company as of December 31, 2005:

 

1.        P4.675per outstanding share of the Company’s Series V Convertible Preferred Stock,for the quarter ending July 15, 2006, payable on July 15, 2006 to the holdersof record on June 28, 2006;

 

2.        US$.09925per outstanding share of the Company’s Series VI Convertible Preferred Stock,for the quarter ending July 15, 2006, payable on July 15, 2006 to the holdersof record on June 28, 2006; 

 

3.        JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,for the quarter ending July 15, 2006, payable on July 15, 2006 to the holdersof record on June 28, 2006.

 

            Thankyou.

 

Very truly yours,

 

 

 
          MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

 

COVER SHEET

 

 

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SEC Registration No.

 

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(Company’s FullName)

 

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(BusinessAddress: No. Street/City/Town/Province)

 

ATTY. MA. LOURDES C. RAUSA-CHAN

 

816-8405

Contact person

 

Contact Telephone No.

 

 

1

 

2

 

 

3

 

1

 

 

SEC FORM 17-C

 

 

0

 

6

Every 2nd

Tuesday

 

 

Month

 

Day

 

FORM TYPE

 

Month

Day

 

 
Fiscal Year

 

Annual Meeting

 
 

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N/A

Dept. Requiring this Doc.

 

Amended Articles

Number/Section

 

 

Total Amount of Borrowings

2,192,165

As of April 30, 2006

 

 

NA

 

 

NA

Total No. of Stockholders

 

Domestic

 

Foreign

 

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To beaccomplished by SEC Personnel concerned

 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

File Number

 

LCU

 
 

 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

 
Document I.D.

 

Cashier

 

 

STAMPS

   

 

 

 

 

Remarks: Please use black ink forscanning purposes

 

 

SECURITIES ANDEXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.                 13 June 2006

Date of Report (Date of earliest event reported)

 

2.                 SEC Identification Number PW-55

 

3.                 BIR Tax Identification No. 000-488-793

 

4.                 PHILIPPINELONG DISTANCE TELEPHONE COMPANY

Exact name of issuer as specified in itscharter

 

5.         PHILIPPINES                                                      6.____________ (SEC UseOnly)  

Province, country or other jurisdiction                    IndustryClassification Code

of Incorporation

 

7.         Ramon Cojuangco Building, Makati Avenue, Makati City                         1200 

Address of principal office                                                                PostalCode

 

8.         (632)816-8553 

Issuer'stelephone number, including area code
 

9.         NotApplicable 

Former name or former address, if changed since last report

 

10.             Securities registered pursuant to Sections 8 and 12of the Securities Regulation Code and Sections 4 and 8 of the RevisedSecurities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

 

Item 9 (OtherEvents)

 

 

Wedisclose that the Board of Directors of Philippine Long Distance TelephoneCompany (the “Company”), at its meeting held on June 13, 2006 declared, out ofthe unrestricted retained earnings of the Company as of December 31, 2005, thefollowing cash dividends:

 

1.     P4.675 peroutstanding share of the Company’s Series V Convertible Preferred Stock, forthe quarter ending July 15, 2006, payable on July 15, 2006 to the holders of recordon June 28, 2006;

 

2.     US$.09925per outstanding share of the Company’s Series VI Convertible Preferred Stock,for the quarter ending July 15, 2006, payable on July 15, 2006 to the holdersof record on June 28, 2006; 

 

3.     JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,for the quarter ending July 15, 2006, payable on July 15, 2006 to the holdersof record on June 28, 2006.

 

 

Pursuantto the requirements of the Securities Regulation Code, the Company has duly causedthis Report to be signed on its behalf by the undersigned hereunto dulyauthorized.

 

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

By:

 

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

 

 

June 13, 2006

** **

 

 

SIGNATURES

 

 

 

Pursuantto the requirements of the Securities Exchange Act of 1934, the registrant hasduly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

 

 

 

PHILIPPINE LONGDISTANCE TELEPHONE COMPANY

 

 

 

 

By        :

Name  :     Ma.Lourdes C. Rausa-Chan

Title     :     CorporateSecretary

 

 

 

 

 

Date:  June 13,2006