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Q:
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What did Altria "when issued" mean? |
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A:
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Altria "when issued" referred to the market for Altria stock without the PMI shares that were distributed in the Spin-off. 
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Q:
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What happened with Altria "when issued" purchases? |
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A:
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An individual who purchased Altria stock in the Altria "when issued" market any time before the Distribution Date was not entitled to receive shares of PMI. He or she paid a lower price, and therefore did not purchase the PMI portion.
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Q:
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What did Altria "regular way" mean? |
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A:
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Altria "regular way" referred to the market on which Altria shares were traded on the New York Stock Exchange. The Altria "regular way" market included the PMI portion. Therefore, the price of Altria shares in the "regular way" market prior to the Distribution Date reflected the values of both the Altria portion and the PMI portion.
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Q:
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What happened with Altria "regular way" purchases? |
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A:
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An individual who purchased Altria stock in the Altria "regular way" market prior to the Distribution Date received shares of PMI if he or she retained the Altria shares through the Distribution Date. He or she had paid for Altria shares including the PMI portion.
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Q:
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What happened with Altria "regular way" sales? |
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A:
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An individual who sold Altria stock in the Altria "regular way" market any time before or on the Distribution Date did not receive shares of PMI. He or she had sold their Altria shares including the PMI portion.
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Q:
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What did PMI "when issued" mean? |
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A:
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PMI "when issued" referred to the PMI stock that commenced trading on a "when issued" basis shortly before the Record Date.
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Q:
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What happened with PMI "when issued" purchases? |
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A:
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An individual who purchased PMI stock in the PMI "when issued" market any time before the Distribution Date was purchasing PMI stock, which did not reflect the value of Altria. The purchase price of PMI "when issued" shares reflected the then current market value of the PMI portion without the Altria portion.
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Q:
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What did PMI "regular way" mean? |
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A:
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PMI "regular way" referred to the market on which PMI shares were traded on the New York Stock Exchange on the first trading day after the Distribution Date.
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Q:
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What happened with PMI "regular way" purchases? |
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A:
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An individual who purchased PMI stock in the PMI "regular way" market has purchased shares of PMI stock. Purchases made in the "regular way" market commenced on the first trading day after the Distribution Date. |
