<PAGE>
Filed pursuant to Rule 424(b)(2) Registration No. 333-52269
PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED July 31, 1998)
PRICE COMMUNICATIONS CORPORATION
Warrants to purchase for $0.01 1,030,656 Shares of Common Stock 1,030,656
Shares of Common Stock, $0.01 Par Value Per Share
The Prospectus, dated July 31, 1998 (the "Prospectus"), relating to the
offering for resale of 527,696 warrants (the "Warrants") issued by Price
Communication Cellular Holdings, Inc. (the "Issuer") to purchase an aggregate of
1,030,656 shares of common stock, par value $0.01 per share ("Common Stock"), of
Price Communications Corporation, a New York corporation (the "Company") from
time to time for the accounts of certain security holders of the Company named
therein or in a supplement thereto (the "Selling Security Holders") and relating
to the offering from time to time of the 1,030,656 shares of Common Stock (the
"Warrant Shares") that may be purchased upon the exercise of the Warrants by the
Selling Security Holders is hereby supplemented as set forth below.
The table on page 22 of the Prospectus under the heading "Selling Security
Holders," which sets forth information with respect to the Selling Security
Holders and the respective number of Warrants beneficially owned by each Selling
Security Holder that may be offered for resale pursuant to the Prospectus is
hereby supplemented as follows:
<TABLE>
<CAPTION>
PRICE COMMUNICATIONS
CORPORATION WARRANTS DUE 2007 AMOUNT OF
HELD IN THE HOLDINGS SECURITIES
NOMINEE AS OF 08/06/98 OFFERED PERCENTAGE
SELLING SECURITY HOLDER NAME OF CUSIP 741437149 HEREBY OWNED
- ------------------------------------ -------------- ----------------------------- ----------------- ---------------
<S> <C> <C> <C> <C>
Fidelity Summer Street Trust: Hudd & Co. 17,200 17,200 3.3%
Fidelity Capital & Income Fund*
Fidelity Fixed-Income Trust: Hudd & Co. 12,074 12,074 2.3%
Fidelity High Income Fund*
Fidelity Management Trust Company on Hudd & Co. 8,566 8,566 1.6%
behalf of accounts managed by it**
Total 37,840 37,840 7.2%
</TABLE>
- ------------------------
* The entity is either an investment company or a portfolio of an investment
company registered under Section 8 of the Investment Company Act of 1940, as
amended, or a private investment account advised by Fidelity Management &
Research Company ("FMR Co."). FMR Co. is a Massachusetts corporation and an
investment advisor registered under Section 203 of the Investment Advisers
Act of 1940, as amended, and provides investment advisory services to each
of such Fidelity entities identified above, and to other registered
investment companies and to certain other funds which are generally offered
to a limited group of investors. FMR Co. is a wholly-owned subsidiary of FMR
Corp. ("FMR"), a Massachusetts corporation. The holdings are as of August 6,
1998.
** Shares indicated as owned by such entity are owned directly by various
private investment accounts, primarily employee benefit plans for which
Fidelity Management Trust Company ("FMTC") serves as trustee or managing
agent. FMTC is a wholly-owned subsidiary of FMR and a bank as defined in
Section 3(a)(6) of the Securities Exchange Act of 1934, as amended. These
holdings are as of August 6, 1998.
None of the Selling Security Holders listed above has, or within the past
three years has had, any position, office or other material relationship with
the Price Communications Corporation or any of its predecessors or affiliates.
<PAGE>
Because the Selling Security Holders may offer all or some portion of the
above referenced security pursuant to this Prospectus or otherwise, no estimate
can be given as to the amount or percentage of such securities that will be held
by the Selling Security Holders upon termination of any such sale. In addition,
the Selling Security Holders identified above may have sold, transferred or
otherwise disposed of all or a portion of such securities since August 6, 1998
in transactions exempt from the registration requirements of the Securities Act
of 1933. The Selling Security Holders may sell all, part or none of the
securities listed above.
<PAGE>
Filed pursuant to Rule 424(b)(2) Registration No. 333-52269
PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED July 31, 1998)
PRICE COMMUNICATIONS CORPORATION
Warrants to purchase for $0.01 1,030,656 Shares of Common Stock 1,030,656
Shares of Common Stock, $0.01 Par Value Per Share
The Prospectus, dated July 31, 1998 (the "Prospectus"), relating to the
offering for resale of 527,696 warrants (the "Warrants") issued by Price
Communication Cellular Holdings, Inc. (the "Issuer") to purchase an aggregate of
1,030,656 shares of common stock, par value $0.01 per share ("Common Stock"), of
Price Communications Corporation, a New York corporation (the "Company") from
time to time for the accounts of certain security holders of the Company named
therein or in a supplement thereto (the "Selling Security Holders") and relating
to the offering from time to time of the 1,030,656 shares of Common Stock (the
"Warrant Shares") that may be purchased upon the exercise of the Warrants by the
Selling Security Holders is hereby supplemented as set forth below.
The table on page 22 of the Prospectus under the heading "Selling Security
Holders," which sets forth information with respect to the Selling Security
Holders and the respective number of Warrants beneficially owned by each Selling
Security Holder that may be offered for resale pursuant to the Prospectus is
hereby supplemented as follows:
<TABLE>
<CAPTION>
SELLING SECURITY HOLDER WARRANTS OWNED PERCENTAGE OWNED
- ------------------------------------------------------------------------------ --------------- -------------------
<S> <C> <C>
Atlas Strategic Income Fund................................................... 516 0.1%
Oppenheimer Champion Income Fund.............................................. 19,178 3.6%
Oppenheimer Strategic Income Fund............................................. 60,389 11.4%
Oppenheimer Strategic Bond Fund............................................... 3,096 0.6%
Oppenheimer High Yield Fund................................................... 31,716 6.0%
Oppenheimer Bond Fund......................................................... 258 0.05%
Oppenheimer High Income Fund.................................................. 8,600 1.6%
Oppenheimer Multi Sector Income Trust......................................... 4,300 0.8%
Oppenheimer World Bond Fund................................................... 172 0.03%
</TABLE>
None of the foregoing Selling Security Holders has, or within the past three
years has had, any position or office with, been employed by or otherwise has
had a material relationship with the Company or any of its affiliates.
