CORPORATE EVENT: Verizon Communications, Inc. (VZ) Spin Off 11/20/06

Clearing House Advisory Notices

To	Clearing Member Firms
From	Clearing House Department
Subject	CORPORATE EVENT: Verizon Communications, Inc. (VZ) Spin Off 11/20/06
Notice Date	2006-11-17
Notice Number	06-281
Effective Date	2006-11-20
Verizon Communications, Inc. (VZ) has announced a distribution of Idearc, Inc. (IAR) common stock. The effective date is November 20, 2006. This corporate action is being coordinated with the Options Clearing Corporation. For the full text of this advisory . . .