Frontier Communications - Frequently Asked Questions

Where is Frontier Communications Corporation’s stock traded? Will Frontier’s stock be delisted and stop trading publicly? I have questions about purchases and sales of stock, dividend payments, lost certificates, or account consolidations. Whom should I contact? How do I calculate the cost basis of my shares? Because of Frontier’s Chapter 11 filing, what happens to the Frontier common stock I own? How will the filing affect the day-to-day operations at Frontier? Does Frontier have sufficient liquidity to continue operating throughout this process? I am a bondholder and have questions on my holdings, next steps, or the Restructuring Support Agreement (“RSA”) and subsequent Chapter 11 filing. Whom can I contact? Can / should I sell my Frontier common stock now? I have a Form 1099-Div from a prior year. What do the dividend classifications mean? How can I get an electronic copy of the Annual Report? I acquired shares through the Verizon Communications spin-off. How do I calculate my cost basis? How do I view and/or change my holdings, or access information as a beneficiary of an estate? We have Frontier Communications stock in our account but are not sure how we got it. I am experiencing an issue with my Frontier service or account. What should I do? Whom can I contact for further investor information?

Where is Frontier Communications Corporation’s stock traded? Will Frontier’s stock be delisted and stop trading publicly?

As a result of our filing under Chapter 11 of the U.S. Bankruptcy Code, Nasdaq suspended the listing of Frontier common stock (ticker: FTR) at the opening of business on April 24, 2020. The stock was officially delisted from Nasdaq on May 11, 2020.
Frontier’s common stock began trading on the OTC Bulletin Board or “pink sheets” market on April 24, 2020 under the symbol “FTRCQ.”
Frontier will continue to be subject to reporting requirements under SEC rules.
Please contact your investment advisor or brokerage firm to discuss the trading options available to you.

I have questions about purchases and sales of stock, dividend payments, lost certificates, or account consolidations. Whom should I contact?

Please direct these questions and all general account inquiries to our transfer agent, Computershare:
Computershare P.O. Box 505005
Louisville, KY 40233
Phone: +1 (877) 770-0496 or +1 (781) 575-2382
https://www-us.computershare.com/Investor/

How do I calculate the cost basis of my shares?

Under the Stock Info tab on this website, click on Investment Calculator. Two tabs will come up: Basis Calculator and Total Return Calculator. There is also a Tax Basis Worksheet at the bottom of the Basis Calculation page. You can also review historical prices here.

Because of Frontier’s Chapter 11 filing, what happens to the Frontier common stock I own?

Although it is too early to definitively say what will ultimately happen to Frontier’s common stock because of the court-supervised process, under the pre-arranged plan contemplated by the Restructuring Support Agreement (RSA) all common stock will be extinguished without any consideration.
Any recovery to existing shareholders will ultimately be determined in connection with the court-supervised process.
As a result of our Chapter 11 filing, Nasdaq suspended the listing of Frontier common stock at the opening of business on April 24, 2020. Frontier’s common stock began trading on the OTC Bulletin Board or “pink sheets” market on April 24, 2020 under the symbol “FTRCQ.”

How will the filing affect the day-to-day operations at Frontier? Does Frontier have sufficient liquidity to continue operating throughout this process?

Frontier expects to continue providing quality service to its customers without interruption and work with its business partners as usual throughout the court-supervised process.
We have sufficient liquidity to run our business throughout the court-supervised process.
We have sufficient liquidity from cash flow generated by our ongoing operations, cash on hand and proceeds from the recent disposal of our operations and associated assets in Washington, Oregon, Idaho, and Montana (Northwest Operations). We have also obtained commitments for $460 million in Debtor-In-Possession (“DIP”) financing, which is expected to be available subject to court approval.

I am a bondholder and have questions on my holdings, next steps, or the Restructuring Support Agreement (“RSA”) and subsequent Chapter 11 filing. Whom can I contact?

A copy of the Restructuring Support Agreement and a summary of the material terms thereof are included in our Form 8-K, filed with the SEC on April 14, 2020, available here. For additional documents, please click here to access our claims agent’s website, or call Prime Clerk at 877-433-8020.

Can / should I sell my Frontier common stock now?

Please contact your investment advisor or brokerage firm to discuss the options available to you.

I have a Form 1099-Div from a prior year. What do the dividend classifications mean?

Investors may find more information about dividend classifications here.

How can I get an electronic copy of the Annual Report?

Electronic copies of Frontier’s Annual Reports (or Form 10-K) are available on the “Annual Reports and Proxies” page found here.

I acquired shares through the Verizon Communications spin-off. How do I calculate my cost basis?

On July 1, 2010, Verizon Communications distributed Frontier Communications stock to its shareholders. An overview of this transaction can be accessed here. Verizon shareholders who received Frontier stock in 2010 can click here to calculate their updated cost-basis in both Frontier and Verizon.

How do I view and/or change my holdings, or access information as a beneficiary of an estate?

Contact our transfer agent, Computershare. Account holders will be asked for their social security numbers to access the account. As an alternative, account holders may enter the Computershare account number that starts with a ‘C.’

We have Frontier Communications stock in our account but are not sure how we got it.

If you did not purchase Frontier stock directly, it is likely that you received it because of the transaction in which Verizon Communications (Ticker: VZ) distributed shares of Frontier stock to its shareholders in July 2010. A press release announcing this transaction is here. If you acquired your Frontier stock in this manner, your cost basis would be derived from the value of the Verizon shares you held. There are more details on Verizon’s website here, as well as a basis calculator here.

I am experiencing an issue with my Frontier service or account. What should I do?

For quick and comprehensive solutions, please click here. You can also contact our Customer Support team at 1 (800) 921-8101.

Whom can I contact for further investor information?

Please contact:
- Investor Relations Department
  401 Merritt 7
  Norwalk, CT 06851
  Toll-Free Phone: +1 866-491-5249
  Email: ir@ftr.com

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