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Philip Morris International Spin-off (Completed)
Compensation and Benefits Programs FAQs

Deferred Profit-Sharing (DPS) Plan Questions

Q:

Will there be a time period during which I am unable to make DPS Plan transactions?

Q:

Will I still be eligible to receive any quarterly dividends on Altria stock following the Spin-off?

Q:

How can I invest in PMI through my DPS account?

Q:

Are any DPS Plan provisions changing because of the Spin-off?

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Q:

Will there be a time period during which I am unable to make DPS Plan transactions?

A:

No. There will be 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 were cancelled at the close of business on the Distribution Date, and exchange transactions will not be available after the close of business on the Distribution Date until shortly after the stock market opens the next business day.

Q:

Will I still be eligible to receive any quarterly dividends on Altria stock following the Spin-off?

A:

Yes. Under the DPS Plan, you will continue to be eligible for dividends as you currently are under the DPS Plan.

Q:

How can I invest in PMI through my DPS account?

A:

The only way to obtain PMI stock through the DPS Plan is by having an investment in the Altria Stock investment option at the close of business on the Distribution Date. No other acquisitions of PMI stock through the DPS Plan are possible.

Q:

Are any DPS Plan provisions changing because of the Spin-off?

A:

No. DPS Plan provisions are not changing as a result of the Spin-off. The following provisions, however, apply to the new PMI Stock investment option:

  • You will not be able to purchase additional shares of PMI stock in the PMI Stock investment option.
  • You will not be able to perform an exchange into the PMI Stock investment option from other investment options.
  • You may sell (exchange out) some or all of your shares of PMI stock in the PMI Stock investment option at any time after the PMI Stock investment option has been opened for Real-Time Trading. The PMI Stock investment option will be available for Plan transactions as soon as administratively possible after the Spin-off. 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
  • Any cash dividends paid on PMI stock cannot be reinvested in the PMI Stock investment option. Cash dividends paid by PMI will be invested according to your then current investment election for future contributions on file with the DPS Plan. If you do not have such an investment election on file, then the PMI stock dividend will be invested in the Plan's default fund.



   


Stock at a Glance

Altria MO $20.95 +.29
9/5/2008   4:02 PM ET
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