SECURITIES  AND  EXCHANGECOMMISSION

Washington,D.C.  20549

 

FORM  6 -K

 

REPORT  OF  FOREIGN  PRIVATE  ISSUER

PURSUANT  TO  RULE  13a-16  or  15d-16  OF

THE  SECURITIES  EXCHANGE  ACT  OF  1934

 

Report  on  Form  6-K  dated  June 10, 2003

(Commission  File  No.  1-15024)

 

 

 

PHILIPPINE  LONG  DISTANCE  TELEPHONE  COMPANY

(Name of Registrant)

 

Ramon Cojuangco Building
Makati Avenue, Makati City

Philippines       0721

(Address of Principal Executive Officers)

 

 

Indicate by check mark whether the registrant files or will file annual reportsunder cover of Form 20-F or Form 40-F:

 

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

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation S-T Rule 101 (b) (1):

 

Yes:  o                                    No:  y

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation by Regulation S-T Rule 101 (b) (7):

 

Yes:  o                                    No:  y

Indicate by check mark whether the registrant by furnishing the informationcontained in this form is also thereby furnishing the  information to theCommission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of1934:

 

                 Yes:  o                                    No:  y

 

 

 

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

A copy of the disclosure letter we sent today to thePhilippine Stock Exchange and the Securities and Exchange Commission regardingcash dividend declaration on the Company’s Series III, V, VI & VIIConvertible Preferred Stock.             

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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June 10, 2003

 

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:   Atty. Jose G.Cervantes

     SeniorVice President
 

Gentlemen:

 

            In compliance with the disclosurerequirements of the Philippine Stock Exchange, we advise that during themeeting of the Board of Directors of our Company on June 10, 2003, thefollowing cash dividends were declared:

 

1.         $1.029412per outstanding share of the Company’s Series III Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

2.         P4.675 peroutstanding share of the Company’s Series V Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

3.         US$.09925per outstanding share of the Company’s Series VI Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

4.         JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

            Thank you.

 

             Verytruly yours,

 

 

 

                                                       MA. LOURDES C.RAUSA-CHAN
Corporate Secretary

 

 

 

 

 

 

 

In compliance withSection 17.1 (b) of the Securities Regulation Code, we disclose that the Boardof Directors of the Company, at its meeting held on June 10, 2003 declared thefollowing cash dividends:

 

1.      $1.029412per outstanding share of the Company’s Series III Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

2.      P4.675 peroutstanding share of the Company’s Series V Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

3.      US$.09925per outstanding share of the Company’s Series VI Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

4.      JY10.179725per outstanding share of the Company’s Series VII Convertible Preferred Stock,payable on July 15, 2003 to the holders of record on June 27, 2003.

 

 

            Pursuant to therequirements 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 10, 2003

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SIGNATURES

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            Pursuant tothe requirements of the Securities Exchange Act of 1934, the registrant hadduly caused this report to be signed on its behalf by the undersigned, thereuntoduly authorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

 

 

 

By:  MA. LOURDES C. RAUSA-CHAN

                                                                                          CorporateSecretary
 

 

 

Date:June 10, 2003