visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) the company redeemed all outstanding shares of class c ( series ii ) common stock in october 2008 at its redemption price of $ 1.136 billion , which represents its stated redemption price of $ 1.146 billion reduced by the dividend declared in june 2008 and paid on these shares in august 2008 and the extinguishment of the subscription receivable . fair value and accretion of class c ( series ii ) common stock at the time of the reorganization in october 2007 , the company determined the fair value of the class c ( series ii ) common stock to be approximately $ 1.104 billion . prior to the ipo these shares were not redeemable . completion of the company 2019s ipo triggered the redemption feature of this stock . as a result , in accordance with emerging issues task force ( 201ceitf 201d ) topic d-98 , 201cclassification and measurement of redeemable securities , 201d in march 2008 , the company reclassified all outstanding shares of the class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary or mezzanine level equity on the company 2019s consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income of $ 21 million . over the period from march 2008 to october 10 , 2008 , the date these shares were redeemed , the company recorded accretion of this stock to its redemption price through accumulated income . the following table reflects activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 : fiscal 2008 ( in millions ) .
what is the net chance in activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 , ( in millions ) ?
( 1 ) over the period from march 2008 to september 30 , 2008 , the company recorded accretion of this stock to its redemption price through accumulated income . ( 2 ) in june 2008 , the company declared a dividend of $ 0.105 per share . the dividend paid to the class c ( series ii ) common stock is treated as a reduction in temporary equity as it reduces the redemption value of the class c ( series ii ) common stock . see note 16 2014stockholders 2019 equity and redeemable shares for further information regarding the dividend declaration . october 2008 redemptions of class c ( series ii ) and class c ( series iii ) common stock as noted above , on october 10 , 2008 , the company redeemed all of the outstanding shares of class c ( series ii ) common stock at its redemption price of $ 1.146 billion less dividends paid , or $ 1.136 billion . pursuant to the company 2019s fourth amended and restated certificate of incorporation , 35263585 shares of class c ( series iii ) common stock were required to be redeemed in october 2008 and therefore were classified as a current liability at september 30 , 2008 on the company 2019s consolidated balance sheet . on october 10 , 2008 , the company used $ 1.508 billion of net proceeds from the ipo for the required redemption of 35263585 shares of class c ( series iii ) common stock at a redemption .