Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 300

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 300
---
 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 exchange therefor; |

| • | the aggregate tax basis of the shares of Charter rollover preferred stock received by a holder of Liberty Broadband preferred stock in the combination will be the same as the aggregate tax basis of the shares of Liberty Broadband preferred stock surrendered in exchange therefor; and |

| • | the holding period of the Charter capital stock received (including any fractional shares of Charter Class A common stock deemed received and sold for cash, as discussed below) will include the holding period of the Liberty Broadband capital stock for which it is exchanged. |

U.S. Holders of Shares of Liberty Broadband Common Stock that Receive Charter Class A Common Stock in the Combination and GCI Spinco Stock Pursuant to the GCI Divestiture The U.S. federal income tax consequences to U.S. holders of shares of Liberty Broadband common stock that receive stock of GCI spinco pursuant to the GCI divestiture and exchange Liberty Broadband common stock for shares of Charter Class A common stock in the combination are generally as follows:

| • | such holders will recognize gain (but not loss) in an amount equal to the lesser of (i) the amount by which the sum of the fair market value of the Charter Class A common stock (including any fractional shares of Charter Class A common stock deemed received and sold for cash, as discussed below) exchanged for the applicable series of Liberty Broadband common stock, and any 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, 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