Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
TIM PARTICIPAÇÕES S.A.
A
Publicly Traded Company
CNPJ/MF n.° 02.558.115/0001-21
ANNOUNCEMENT TO
SHAREHOLDERS
PAYMENT OF
DIVIDENDS
Tim Participações S.A. announces that it will start on May/31/05 the payment of dividends concerning the special dividend reserve for the fiscal year ended on December 31, 2001, related to Tele Nordeste Celular Participações S.A., a company merged into TIM Participações S.A. on Aug/30/2004. Such payment will be made to the common and preferred shares of stock in Tele Nordeste Celular Participações S.A. bought up to April 5, 2002, as resolved by the Tele Nordeste Celular Participações S.A. Annual Shareholders’Meeting held on April 4, 2002.
1 – Dividends concerning the fiscal year ended on Dec/31/2001, related to Tele Nordeste Celular Participações S.A., a company merged into TIM Participações S.A. on Aug/30/2004 ( Amount per lots of one thousand shares):
| Revenues | Common Shares (ON) | Preferred Shares (PN) |
| Dividends (share ownership on Apr/05/2002) | 0,00352239 | 0,00352239 |
2 – METHOD OF PAYMENT
(BOOK-ENTRY SHARES):
2.1. Credit to checking account
2.2. Payment of the
Dividends by the Banco ABN AMRO Real S/A branches;
2.3. Direct payment by the Stock
Exchanges to shareholders whose shares are in custody.
3 - INSTRUCTIONS:
To
qualify to receive dividends, shareholders shall appear at the appointed offices
bearing their Taxpayer ID CPF and ID, if individuals; Corporate Taxpayer ID CNPJ,
Articles of Organization, Articles of Incorporation, Minutes of the meeting that
appointed the current senior officers, plus ID and Individual Taxpayer ID CPF of the
company’s attorneys, if legal entities; when represented by an attorney, the
submission of the respective notarized power of attorney with specific powers
to receive interest on shareholders’ equity is required.
4- OFFICES:
4.1. Any
branch of the Banco ABN AMRO Real S/A.
4.2. For additional information, refer to:
Banco
ABN AMRO Real S/A – Book-Entry Shares Management
Av. Paulistas, 1374 – 6°. Andar
– Bela Vista – São Paulo/SP - CEP 01310-916
E-mail: acionista@real.com.br
5 – IMPORTANT:
Pursuant to Article 287, item II of Law 6.404/76 – the Brazilian Business Corporation Act, the right to dividends expires in three (3) years from the date on which they were first made available to shareholders.
Curitiba, May 24, 2005.
Paulo Roberto Cruz Cozza
Director
of Investor Relations
TIM
Participações S.A.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIM PARTICIPAÇÕES S.A. | ||
| Date: June 1, 2005 | By: | /s/ Paulo Roberto Cruz Cozza |
| Name: Paulo Roberto Cruz Cozza | ||
| Title: Chief Financial Officer | ||