DENVER, Jan. 20, 2010United States federal income tax-reporting purposes, the company will report the 2009 dividends as ordinary income.
While the above information includes general statements about the tax classification of dividends paid on Qwest common stock, these statements do not constitute tax advice. The taxation of corporate distributions can be complex and stockholders are encouraged to consult their tax advisersto determine what impact the above information may have on their specific tax situation.
The common stock dividend of $0.08 that was announced on Dec. 17, 2009, with a record date of Feb. 19, 2010, and a payable date of March 12, 2010, will be reported for income tax purposes in 2011. The company will not be able to calculate the tax classification of dividends paid in 2010 until 2011.
Customers coast-to-coast turn to Qwest's industry-leading national fiber-optic network and world-class customer service to meet their communications and entertainment needs. For residential customers, Qwest offers a new generation of fiber-optic Internet service, high-speed Internet solutions, as well as digital home phone, wireless service available through Verizon Wireless and DIRECTV® services. Qwest is also the choice of 95 percent of Fortune 500 companies, offering a full suite of network, data and voice services for <span 2"="" style="box-sizing: border-box; color: rgb(0, 81, 158);">small businesses, large businesses,government agencies and wholesale customers. Additionally, Qwest participates in Networx, the largest communications services contract in the world, and is recognized as a leader in the network services market by leading technology industry analyst firms.
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