Verizon Communications Inc. (“VZ”) has announced a distribution of FairPoint Communications, Inc. (“FRP”) Common Shares. The distribution ratio is approximately .0188 FRP Common Shares per VZ Common Share. The record date is March 7, 2008; the mail date is March 31, 2008. The New York Stock Exchange (“NYSE”) has set April 1, 2008 as the ex-distribution of the distribution.
The NYSE has determined due-bills for the FRP distribution must accompany each VZ Share delivered after March 7, 2008
in settlement of VZ transactions made prior to the ex-date.
For the full text of this advisory...
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