On July 1, 2010, Frontier Communications Corporation acquired the local exchange business and related landline activities of Verizon in 14 states, including Internet access and long distance services as well as broadband video (FiOS) provided to designated customers.
All whole shares of Frontier common stock have been issued in direct registration (book-entry) form by Frontier's transfer agent, Computershare. Computershare has recorded your Frontier shares on its books. Verizon stockholders entitled to receive Frontier common stock are receiving a Transaction Advice as evidence of ownership of Frontier shares and, if applicable, a check representing the value of any fractional share of Frontier. Please retain this Advice for your files.
Direct Registration System ("DRS") is a no-cost service that allows your Frontier shares to be recorded and tracked electronically without having a physical stock certificate issued. With DRS, you retain full ownership of your shares, as well as all of the voting and other rights and privileges of being a Frontier stockholder. DRS provides an attractive alternative to holding physical certificates and is more convenient.
The requirements for transferring DRS shares are the same as those for transferring certificated shares, except that with DRS, there is no certificate to surrender. Call Computershare at 1-877-770-0496 or visit their website at www.computershare.com/investor and review the Direct Registration Transaction Form for more information.
You may authorize your broker to send an electronic instruction to Computershare to debit DRS shares from your account at Computershare and deliver them electronically to your account with your broker. You will need to provide your broker with the following information, most of which can be found on the enclosed Transaction Advice: your Computershare account number, your social security number or taxpayer ID number, the name on your DRS account and the number of DRS shares to be delivered, and Computershare's DTC number, 7807.
You may purchase additional Frontier stock at any time either through a broker or through the Computershare Investment Plan (CIP) at www.computershare.com/investor - Buy Stock Direct. The direct stock purchase plan provides shareholders with a convenient method of purchasing or selling shares of Frontier common stock. The Computershare CIP includes a dividend reinvestment option, which will allow you to reinvest your dividends into the purchase of additional Frontier shares.
Yes. If you elected full reinvestment of dividends on your Verizon shares, you will automatically be enrolled for full dividend reinvestment of dividends on your Frontier shares in the Computershare CIP. Partial dividend reinvestment elections for Verizon stockholders will not be carried over to your Frontier shares. To review or change your Frontier account dividend reinvestment election, please access your account at www.computershare.com/investor.
Yes. You may authorize Computershare to directly deposit your Frontier dividends, when paid, to your checking or savings account. If you have direct deposit of dividends for your Verizon shares, you will automatically be enrolled in direct deposit of dividends for your Frontier shares. To review or change this election, please access your account at www.computershare.com/investor.
The transaction will have no impact on the number of shares of Verizon common stock that you own. Unless you sold or otherwise disposed of your shares, you will continue to own the same number of shares of Verizon common stock following the transaction. This transaction adds Frontier common stock to your portfolio.
Computershare is your primary contact ( 1-877-770-0496 ) for issues and questions relating to your dividend checks, dividend direct deposits, change of address, transferring stock and any other questions related to your registered stock.