R.H. Donnelley shareholder Doddsville increases ownership to 13.1%

By Lisa Kerner

Charlotte, N.C., April 14 - R.H. Donnelley Corp. investor Doddsville Investments, LLC reported the purchase of 711,000 shares on April 9, upping its stake in the company to 13.1% from 12.1%.

The shares were priced from $0.19 to $0.23 each, according to schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

On March 30 and March 31, Doddsville bought 922,200 shares at prices from $0.23 to $0.29 each, a prior SEC filing said.

Doddsville is the general partner to Hurricane Capital Global Alpha Fund, LP, which in March said it does not believe that R.H. Donnelley is a bankruptcy case.

Hurricane is seeking three seats on the board of directors of the company.

As previously reported, R.H. Donnelley intended to refinance its debt obligations prior to maturity but believes that may no longer be possible given the state of the capital markets. The company continues to generate liquidity to meet its near-term financial obligations but said it is concerned about larger debt maturities that begin coming due in 2010.

R.H. Donnelley announced in March that it hired Lazard Ltd. to help evaluate the company's capital structure.

Doddsville beneficially owns 9,033,422 shares of R.H. Donnelley's outstanding stock.

R.H. Donnelley is a Yellow Pages and online local commercial search company based in Cary, N.C.

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