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.