Investment Overview

Consumer Cellular Founded in Portland, Oregon in 1995, Consumer Cellular is a top-rated wireless carrier providing affordable, no-contract cellphones and service plans primarily to the 50+ demographic. With a current subscriber base of over four million customers, the company utilizes the nation’s largest voice and data networks, reaching 99 percent of the U.S. population. Noted for providing a superb customer experience, Consumer Cellular has been ranked by J.D. Power as “#1 in Customer Service among Wireless Value MVNOs, 16 Times in a Row,” making Consumer Cellular the “Most Awarded Brand for Wireless Customer Support among Value MVNOs.” It has also been an AARP provider for over 15 years, offering AARP members exclusive discounts on monthly service. ST LOUIS MSA Known for its iconic Gateway Arch, the St. Louis metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents. St. Louis is highly ranked for its logistics infrastructure, bolstered by its central location and easy access to major waterways. It is a significant inland port. The region is emerging as a large financial services center, with seven Fortune 500 companies headquartered there: Centene Corp., Emerson Electric, Reinsurance Group of America, Jones Financial, Olin, Ameren and Graybar Electric. The metro is expected to see population growth over the next five years, supporting steady household formation with an approximate 20,400 additions. There are more than 40 colleges, universities and technical schools in the metro, enrolling around 200,000 students a year.