In order to be a shareholder of record, generally you must purchase Altria shares by the Record Date. A typical trade on the New York Stock Exchange takes trade day plus three (3) business days to settle the transaction (T+3).
Any holder of Altria stock who sold Altria shares in the "regular way" market on or before the Distribution Date sold the right to receive shares of PMI stock in the Spin-off.
Holders of Altria stock are encouraged to consult with their financial advisors regarding the specific implications of the Spin-off.
Stock at a Glance
Altria
MO
$20.43
+.10
3/18/2010 3:10 PM ET
Quote delayed 20 min
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