Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 300

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 300
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 spinco received (including any fractional share of stock of GCI spinco deemed received) pursuant to the GCI divestiture with respect to the applicable series of Liberty Broadband common stock, exceeds such holder’s tax basis in the applicable series of Liberty Broadband common stock and (ii) the fair market value of the stock of GCI spinco received (including any fractional share of stock of GCI spinco deemed received) pursuant to the GCI divestiture with respect to the applicable series of Liberty Broadband common stock. Any such gain recognized by a U.S. holder will generally be capital gain if it results in a reduction in such U.S. holder’s percentage ownership in Charter relative to what such holder’s percentage ownership would have been if the U.S. holder had received solely Charter Class A common stock rather than a combination of Charter Class A common stock and stock of GCI spinco; |

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| • | the aggregate tax basis in the Charter Class A common stock received by a holder of Liberty Broadband Series A common stock in the combination (including any fractional shares of Charter Class A common stock deemed received and sold for cash, as discussed below) will generally equal the aggregate tax basis of the Liberty Broadband Series A common stock surrendered in exchange therefor, increased by the amount of gain, if any, recognized with respect thereto, and decreased by the fair market value of stock of GCI spinco treated as received with respect thereto; |

| • | the aggregate tax basis in the Charter Class A common stock received by a holder of Liberty Broadband Series B common stock in the combination (including any fractional shares of Charter Class A common stock deemed received and sold for cash, as discussed below) will generally equal the aggregate tax basis of the Liberty Broadband Series B common stock surrendered in exchange therefor, increased by the amount of gain, if any, recognized with respect thereto, and decreased by the fair market value of stock of GCI spinco treated as received with respect thereto; |

| • | the aggregate tax basis in the Charter Class A common stock received by a holder of Liberty Broadband Series C common stock in the combination (including any fractional shares of Charter Class A common stock deemed received and sold for cash, as discussed below) will generally equal the aggregate tax basis of the Liberty Broadband Series C common stock surrendered in exchange therefor, increased by the amount of gain, if any, recognized with respect thereto, and decreased by the fair market value of