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How were fractional shares treated in the Kraft Spin-off? |
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How did the Kraft Spin-off affect the number of shares of Altria I currently hold? |
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When should I have received my Kraft shares? Should I have received a stock certificate for Kraft shares distributed as a result of the Kraft Spin-off? |
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Do I need to do anything with my Altria stock certificates? Should I send them to the transfer agent or to Altria? |
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Q:
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How were fractional shares treated in the Kraft Spin-off? |
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Fractional shares of Kraft stock were not issued. If you were entitled to receive a fractional share of Kraft stock in the Kraft Spin-off, you received a taxable cash payment in lieu of the fractional share. 
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How did the Kraft Spin-off affect the number of shares of Altria I currently hold? |
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The number of shares of Altria held by a shareholder did not change. On the Distribution Date, Altria’s shareholders received 0.692024 of a share of Kraft stock for each share of Altria stock that they owned. The fair market value of each Altria share, however, was adjusted to reflect the Kraft Spin-off, and hence, the loss of the value of the Kraft stock.
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When should I have received my Kraft shares? Should I have received a stock certificate for Kraft shares distributed as a result of the Kraft Spin-off? |
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Registered holders of Altria stock who were entitled to receive the distribution should have received a book-entry account statement reflecting their ownership of Kraft stock. A cash payment in lieu of fractional shares should have been mailed along with the statements. For additional information, registered shareholders should contact Altria's transfer agent, Computershare Trust Company, at 1-800-442-0077 or by e-mail at altria@computershare.com. Shareholders from outside the U.S. and Canada may call 1-781-575-3572. If you would like to receive physical certificates evidencing your Kraft shares, please contact Kraft’s transfer agent, Computershare Trust Company, at 1-866-655-7238 (from within the U.S. and Canada) or at 1-781-575-3500 (from outside the U.S. and Canada). Holders of Altria stock who hold their shares through a broker, bank or other nominee should direct questions regarding the distribution to our information agent, D.F. King & Co., Inc., at 1-800-290-6431. |
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Do I need to do anything with my Altria stock certificates? Should I send them to the transfer agent or to Altria? |
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No action is required. You should retain your Altria stock certificates. |
