Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | CORPORATE EVENT; Verizon Communications Inc.
Notice Date | 2008-03-31
Notice Number | 08-62
Effective Date | 2008-04-01
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...