Philip Morris International Spin-off (Completed)
Deferred Profit-Sharing (DPS) Plan
What Happened to the PMI Stock Received in My DPS Account as a Result of the Spin-off?
The shares of PMI stock received as a result of the Spin-off were credited to your DPS account in the new PMI Stock investment option at the close of business on the Distribution Date. The PMI Stock investment option is a closed option, which means that:
The PMI Stock investment option will be available for Plan transactions as soon as administratively possible after the Spin-off. Please contact the Altria Group Benefits Center at 1-800-872-3777 after the Spin-off to find out the latest on when transactions involving the PMI Stock investment option can be processed.
Investing Your DPS Plan Account
As always, you choose how you want to invest your DPS Plan account. You can leave the shares of PMI stock in the PMI Stock investment option or you can exchange all or part of your balance from the PMI Stock investment option through Real-Time Trading.
Transfers From the PMI Stock Investment Option
To transfer (exchange) out of the PMI Stock investment option, make a Real-Time Trade by logging on to Fidelity's NetBenefits Web site, www.netbenefits.fidelity.com, or by contacting the Altria Group Benefits Center at 1-800-872-3777. All exchanges (Real-Time Trades) out of the PMI Stock investment option in the DPS Plan must have the proceeds invested in the Fidelity Money Market Trust: Retirement Money Market Portfolio (Conduit Fund) on the settlement date, which is three (3) business days after the day a sale of shares is executed. On the business day following the settlement date, you can move some or all of your balance from the Conduit Fund to any investment option(s) under the DPS Plan, except the PMI Stock investment option and the Kraft Stock investment option. Note: The cost basis of the shares of Altria stock purchased within 90 days of the sale of PMI stock (or Kraft stock) directly from the proceeds in the Conduit Fund will be the same as the cost basis of the shares of PMI stock (or Kraft stock) sold. This may be important if you take an in-kind distribution of shares of Altria stock and the distribution qualifies for net unrealized appreciation treatment. Only shares of Altria stock acquired directly from the proceeds in the Conduit Fund within 90 days of the sale of the shares of PMI stock (or Kraft stock) will retain the cost basis of the shares of PMI stock (or Kraft stock) sold. You should always consult with a tax advisor before performing a transaction with respect to your Altria Stock, PMI Stock and Kraft Stock investment options. 
Cash Dividends on Altria Stock: No Change
The Spin-off will not change how cash dividends on Altria stock are handled in the DPS Plan. You can either reinvest your dividends in additional shares of Altria stock or have these dividends paid to you in cash.
Cash Dividends on PMI Stock
Any cash dividends paid on PMI stock held in the PMI Stock investment option cannot be reinvested in PMI stock, but instead will be invested according to your then current investment elections for future contributions. If you do not have an investment election on file, any cash dividend will be invested in the Plan's default fund. You will not have the right to elect to have these dividends paid to you in cash.
No Suspension of Plan Activities for Current Investment Options in the DPS Plan
There was no suspension of Plan activities in the DPS Plan and transactions can be initiated as usual except: any pending Good 'til Canceled order involving Altria stock was cancelled at the close of business on the Distribution Date, and exchange transactions were not available after the close of business on the Distribution Date until shortly after the stock market opened the next business day.
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