FairPoint Communications 2004 Annual Report Download - page 349

ANNEX VII
EXISTING INVESTMENTS
A. Investments
1. Odin Telephone Exchange, Inc. owns 2,006 shares (representing 14.29%) of the common stock, $.01 par value of Southern Illinois Cellular Corp.
(“SICC”), which provides cellular telephone services within certain restricted areas of central and southern Illinois.
2. The following entities own shares of Rural Telephone Bank:
• Sunflower Telephone Company, Inc. – 571 Class C shares
• Sidney Telephone Company – 131 Class C shares
• Northland Telephone Company of Maine, Inc. – 2,176 Class C shares
• Big Sandy Telecom, Inc. – 5 Class C shares
• Odin Telephone Exchange, Inc. – 33 Class C
• C-R Telephone Company – 18 Class C shares
3. FairPoint Communications, Inc. has ownership in CoBank in the form of a Class B Participation Certificate in the approximate amount of
$5,220,000.
4. MJD Ventures, Inc. holds Patronage Capital Certificates in Rural Telephone Finance Corporation in the approximate amount of $418,989.
5. MJD Ventures, Inc. owns 700 shares (12.5%) of Illinois Valley Cellular RSA 2, Inc., an Illinois corporation, which provides switching services to
the Illinois Valley Cellular RSA 2-I, 2-II and 2-III Partnerships.
6. MJD Services Corp. owns 700 shares (12.5%) of Illinois Valley Cellular RSA 2, Inc.
7. Taconic Telephone Corp. owns a 7.5% limited partnership interest in the Orange County - Poughkeepsie Limited Partnership.
8. Fremont Telecom Co. owns a 13.9% membership interest in Syringa Networks, LLC, an Idaho limited liability company, engaged in providing
broadband telecommunications services.
9. FairPoint Communications, Inc. owns 60,000 shares of Community Service Communications, Inc.
10. The attached addendum will serve to document other non-material investments held by FairPoint Communications, Inc. or its Subsidiaries.