Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 299

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 299
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 a “plan of reorganization” within the meaning of the Code and applicable Treasury regulations.

U.S. Federal Income Tax Considerations of the Combination and the GCI Divestiture to U.S. Holders

If, consistent with the opinions described above, the combination qualifies as a “reorganization” within the meaning of Section 368(a) of the Code, the U.S. federal income tax consequences of the combination to U.S. holders generally are described below.**

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TABLE OF CONTENTS

U.S. Holders of Shares of Liberty Broadband Common Stock that Receive Solely Charter Class A Common Stock and/or U.S. Holders of Shares of Liberty Broadband Preferred Stock that Receive Charter Rollover Preferred Stock The U.S. federal income tax considerations to U.S. holders that receive shares of Charter capital stock in exchange for shares of Liberty Broadband capital stock pursuant to the combination and do not receive stock of GCI spinco pursuant to the GCI divestiture are generally as follows:

| • | such holders will not recognize income, gain or loss, except with respect to cash received in lieu of fractional shares of Charter Class A common stock (as discussed below) or, with respect to the Liberty Broadband preferred stock, any declared but unpaid dividends on Liberty Broadband preferred stock (discussed below); |

| • | the aggregate tax basis of the shares of 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 be the same as the aggregate tax basis of the shares of Liberty Broadband Series A common stock surrendered in exchange therefor; |

| • | the aggregate tax basis of the shares of 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 be the same as the aggregate tax basis of the shares of Liberty Broadband Series B common stock surrendered in exchange therefor; |

| • | the aggregate tax basis of the shares of 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 be the same as the aggregate tax basis of the shares of Liberty Broadband Series C common stock surrendered in