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Filed pursuant to Rule 424(b)(2)
Registration No. 333-52269
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED July 31, 1998)
PRICE COMMUNICATIONS CORPORATION
Warrant 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
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<S> <C> <C>
Prudential High Yield Fund, Inc.(1) 17,200 3.3%
The Prudential Series Fund, Inc.,
High Yield Bond Portfolio(1) 6,880 1.3%
</TABLE>
The Prudential Insurance Company of America ("Prudential") is the
investment advisor of The Prudential Series Fund, Inc., High Yield Bond
Portfolio and Prudential Investment Corporation, a subsidiary of Prudential,
is the investment advisor of Prudential High Yield Fund, Inc. Prudential may
in the ordinary course of business and from time to time, engage in transactions
with the Company or its affiliates.
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(1) Prudential may have direct or indirect voting and/or investment
discretion with respect to such shares with respect to which Prudential
disclaims beneficial ownership.
