General Stockholder Questions
Can I buy stock directly from Level 3, or do I have to use a broker?
Level 3 Communications does not have a direct stock purchase plan. All trades must be made through a broker. Level 3 is traded on the NASDAQ under the ticker symbol LVLT.
Does Level 3 Communications pay dividends?
Level 3 does not pay dividends. The Company is in the early stages of its business plan and growing the business. At this time, we believe that our shareholders' interests are better served by investing funds in our continued growth.
I am the holder of a Kiewit Class D Stock Certificate. Do I need to exchange this certificate into Level 3 Common Stock?
No. Kiewit Class D stock was converted one for one to Level 3 Common Stock on April 1, 1998. No action was required of the Kiewit Class D holders, and the Class D certificates are now recognized as Level 3 Common Stock.
When is the next Annual Meeting of Stockholders?
The 10th Annual Meeting of Stockholders was held on May 24, 2007, in Broomfield, CO. The date for the 11th Annual Meeting of Stockholders, which will be held in 2008, has not yet been selected. Please check the Level 3 Communications Investor Relations site in early 2008 for information on the specific timing of the event.
What is Level 3 Communications stock split history?
The company has declared two separate stock splits since 1997. The first stock split was effective to stockholders of record as of December 26, 1997. This split took place while the stock was still registered as Kiewit Diversified, Inc. Class D Stock (ticker: KIWT NASDAQ OTC). Each Class D stockholder received five shares for each share held on the record date.
On July 20, 1998, the Board of Directors of Level 3 Communications declared a two-for-one stock split payable to stockholder of record as of July 30, 1998. The stock (LVLT) began trading on Nasdaq at the adjusted price for the dividend distribution on August 10, 1998.