Frontier Communications Had A 15 to 1 Reverse Split In 2017. This Changes The Cost Basis Per Share.

Split Announced Ratio and Effective Date on May 10, 2017:

Frontier Communications had a 15 to 1 split for shareholders of stock on July 10, 2017.

Here is an example of how this worked.  If you owned 150 shares before July 10, 2017 with a total cost of $1,500 ($10 cost per share), you will own 10 shares after the split. The total tax cost basis will still be $1,500 after the split, but the tax cost basis per share after the split will be $150.

In theory, this should also increase the stock price by a factor of 15.  In real life, this might not happen. The increase might be a little more or less than 15.

This split complicates an already complicated tax cost basis (or stock basis) computations for AT&T and its "offspring." The AT&T tax cost basis can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.

Order & Download Now! Special discounted price through 10/7/2017 $79. Regular Price $119. (3,011 KB Approx. 3 minute download [broadband]). Order licenses for additional machines.

Get more information about the AT&T Divestiture Basis Tracker.

Get Frontier Communications split news release.

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