FairPoint Communications 2011 Annual Report Download - page 40

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Table of Contents
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


Our Common Stock is listed on the NASDAQ under the symbol “FRP”.
Prior to January 25, 2011, our Old Common Stock traded (i) on the Pink Sheets under the symbol “FRCMQ” from October 26, 2009 to January 24,
2011 and (ii) on the New York Stock Exchange under the symbol “FRP” from our initial public offering on February 4, 2005 until October 23, 2009. All of
our Old Common Stock was extinguished in accordance with the Plan on the Effective Date. Our existing Common Stock began trading on the NASDAQ on
January 25, 2011.
Because the value of our Old Common Stock bears no relation to the value of our existing Common Stock, only the trading prices of our existing
Common Stock, following its listing on the NASDAQ, are set forth below.
The following table shows the high and low sales prices per share of our New Common Stock as reported on the NASDAQ, from January 25, 2011 to
December 31, 2011. The stock price information is based on published financial sources.
  
First quarter (January 25, 2011 through March 31, 2011) $25.50 $16.00
Second quarter 17.50 8.74
Third quarter 9.86 4.06
Fourth quarter 6.43 3.13
No dividends were declared on any class of our common stock in 2011 or 2010. We currently do not anticipate that we will pay any cash dividends on
shares of our Common Stock for the foreseeable future. Any determination to pay dividends in the future will be at the discretion of our board of directors and
will depend upon limitations imposed by orders of state regulatory authorities, results of operations, financial condition, contractual restrictions relating to
indebtedness, restrictions imposed by applicable law and other factors our board of directors may deem relevant at the time.
As of March 2, 2012, there were approximately 134 holders of record of our Common Stock.
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