SUPPLEMENT NO. 1 TO PROSPECTUS DATED JULY 15, 1994
The Prospectus dated July 15, 1994 relating to the Dividend Reinvestment
and Customer Stock Purchase Plan is hereby amended as follows:
(1) The last sentence of the second paragraph of the Answer to Question 7 is
deleted and the following substituted therefor:
If a Participant specifies partial reinvestment, that portion of such dividend
payment not being reinvested will be sent to such Participant by check in the
usual manner or, if the Participant elects the direct dividend deposit option,
will be transmitted electronically to the Participant's bank account on the
same day dividends are paid. Participants may elect the direct dividend
deposit option by completing and signing a Direct Dividend Deposit Form and
returning it to the Agent with the information requested by the Form. In order
for the direct dividend deposit to be effective as to any dividend payment
date, the Form must be received by the Agent at least 30 days prior to the
dividend payment date. Direct dividend deposits may be terminated at any time
by the Participant by written or telephone notice to the Agent. Any such
request must be made on or before the 5th day of the applicable month (March,
June, September or December) to be effective as to that dividend payment date.
Participants may contact the Agent at 1-800-426-5523 to obtained the Direct
Dividend Deposit Form.
(2) Add the following subsection (c) to the Answer to Question 17
(c) AUTOMATIC DEDUCTIONS FROM A BANK ACCOUNT. Optional quarterly cash
purchases of a special amount (not less than $100 nor more than $10,000 per
quarter) can be made automatically by electric funds transfer from a
predesignated U.S. bank account. The predesignated bank must be a member of
the Automated Clearing House system in order to participate.
To initiate automatic quarterly deductions, a Participant must complete and
sign an Automatic Deduction Form and return it to the Agent with the requested
information. Forms will be processed and will become effective as promptly as
practicable. To be effective with respect to a particular Investment Date,
completed forms must be received by the Agent at least 10 days prior
to the applicable record date for that Investment Date. The Agent will make
the necessary arrangements with the Participant's bank to deduct the authorized
amount on or about the tenth day of March, June, September and December.
Once automatic quarterly deductions commence, funds in the amount elected by
the Participant will be drawn from the Participant's designated bank account on
or about the fifth business day preceding the Investment Date and will be
invested in Common Stock beginning on that Investment Date. A Participant will
not be required to write any additional checks or mail any additional forms.
Participants may change automatic quarterly deductions by completing and
submitting to the Agent a new Automatic Deduction Form. Automatic quarterly
deductions may be terminated at any time by telephone or written notice to the
Agent. To be effective with respect to a particular Investment Date, the new
Automatic Quarterly Deduction Form or termination notice must be received by
the Agent no later than the fifth day of the applicable month (March, June,
September, or December, as the case may be).
Participants may contact the Agent at 1-800-426-5523 to obtain an Automatic
Deduction Form.
<PAGE>
To our Shareholders:
As a result of our 1995 Shareholder Survey, we are pleased to announce two
new services: Direct Deposit of Dividends and Automatic Bank Account
Withdrawals for the purchase of CWS, Inc. Common Stock.
The Connecticut Water Service, Inc. Dividend Reinvestment and Common Stock
Purchase Plan (the "Plan") has recently been amended to provide two new
options:
To DRIP Participants:
1. An optional automatic bank draft feature which allows a Participant
to conveniently purchase additional shares. This optional feature
permits contributions for optional cash purchases to be made by
automatic quarterly deductions from a predesignated bank account.
THUS, IN ADDITION TO THE OPTIONAL CASH PAYMENTS AND WIRE TRANSFERS,
OPTIONAL CASH PAYMENTS CAN NOW ALSO BE MADE BY AUTOMATIC QUARTERLY
DEDUCTIONS FROM A BANK ACCOUNT.
To All Shareholders Receiving Cash Dividends:
2. An optional direct dividend deposit feature which permits that
portion of your dividend payment not being re-invested to be
transmitted electronically to you bank account on the same day
dividends are paid.
See the enclosed Supplement for a detailed discussion of how these new options
work. In all material respects the Plan will continue to operate as it
currently operates. To date, 639,442 shares of Common Stock have been issued
by the Company under the Plan.
As a participant in the Plan, you have previously received a Prospectus
dated July 15, 1994 describing the Plan. In compliance with Securities and
Exchange Commission regulations, we are enclosing a Supplement to the
Prospectus describing the new optional automatic quarterly deduction and direct
dividend deposit features. If you would like another copy of the Prospectus
as supplemented, please call our new shareholder services information line at
1-888-CWS-STOK, ext. 342. Look for additional enhancements to the Plan in the
very near future.
Very truly yours,
/s/Vincent F. Susco, Jr.
Vincent F. Susco, Jr.
Corporate Secretary
Encl.
<PAGE>
April 30, 1996
VIA ELECTRONIC TRANSMISSION
Securities and Exchange Commission
Division of Corporate Finance
450 Fifth Street, N.W.
Washington, DC 20549
Re:Connecticut Water Service, Inc.:
Post-Effective Amendment No. 1 to Registration Statement (File No. 33-53211);
Post-Effective Amendment No. 7 to Registration Statement (File No. 2-74938);
Post-Effective Amendment No. 6 to Registration Statement (File No. 2-92822);
Post-Effective Amendment No. 5 to Registration Statement (File No. 2-97468);
and
Post-Effective Amendment No. 4 to Registration Statement (File No. 33-6187).
Ladies and Gentlemen:
Pursuant to Rule 424(b) of the Commission's Rules under the Security
Act, enclosed herewith for filing is Supplement No. 1 to the Prospectus dated
July 15, 1994 relating to the Dividend Reinvestment and Customer Stock Purchase
Plan of Connecticut Water Service, Inc. The Supplement was first used by the
Company on April 26, 1996. Also enclosed herewith is a copy of the covering
letter which is being mailed with the Supplement on or about May 1, 1995
to the shareholders of record of Connecticut Water Service, Inc.
If any questions arise with respect to this filing, please call the
undersigned at (860) 275-0127.
Very truly yours,
/s/Michael F. Halloran
Michael F. Halloran
MFH:mar
enclosures
cc: Mr. Marshall T. Chiaraluce
Mr. Vincent F. Susco, Jr.
