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What happened with PMI “when issued” purchases?

happened PMI purchases
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What happened with PMI “when issued” purchases?

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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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