CORPORATE EVENT: Sprint Nextel (S) Distribution of Embarq Corp. (EQ) Common Shares 5/18/06

Clearing House Advisory Notices

To	All Clearing Member Firms
From	Clearing House Department
Subject	CORPORATE EVENT: Sprint Nextel (S) Distribution of Embarq Corp. (EQ) Common Shares 5/18/06
Notice Date	2006-05-16
Notice Number	06-125
Effective Date	2006-05-18
Sprint Nextel Corporation (S) has announced a distribution of Embarq Corporation (EQ) common shares. The distribution ratio is .05 EQ common share for each S common share. The ex-distribution date is Thursday, May 18, 2006. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .