Liberty Broadband Corporation Completes Spin-Off of GCI Liberty, Inc.

Investor Meeting Announcement: Liberty Media Corporation will hold its annual Investor Meeting on November 20, 2025, featuring presentations on financial performance and a Q&A session with executives John Malone and Derek Chang.

F1 Business Summit Details: Following the Investor Meeting, Formula 1 will host its F1 Business Summit at Wynn Las Vegas, focusing on networking and discussions among influential figures in sports and entertainment, with limited admission for ticket holders.

Spin-Off Completion: Liberty Broadband Corporation has successfully completed the spin-off of GCI Liberty, making both companies separate publicly traded entities, with GCI Liberty's stocks set to begin trading on July 15, 2025.

Leadership Changes: Marty E. Patterson has been appointed as President and CEO of Liberty Broadband following the spin-off, while John C. Malone remains as Chairman of both Liberty Broadband and GCI Liberty.

Spin-Off Announcement: Liberty Broadband Corporation has declared a record date of June 30, 2025, for the spin-off of its subsidiary GCI Liberty, Inc., with a distribution date set for July 14, 2025, where shareholders will receive shares of GCI Group common stock based on their holdings.

Trading Information and Conditions: Following the spin-off, GCI Group common stock is expected to be listed on Nasdaq and OTC Markets, but the completion of the spin-off is contingent upon regulatory approvals and other conditions that may lead to a deferral of the distribution date.

Investor Conference Call Announcement: Liberty Broadband Corporation will host a webcast on June 3, 2025, to discuss the spin-off of its GCI business into a new entity called GCI Liberty, featuring remarks from GCI management and a Q&A session.

Company Background and Forward-Looking Statements: Liberty Broadband operates various communications businesses, primarily through its interests in Charter Communications and GCI, which serves over 200 communities in Alaska; the announcement includes caution regarding forward-looking statements related to the spin-off.

Quarterly Dividend Announcement: Liberty Broadband Corporation declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock, payable on July 15, 2025, to shareholders on record as of June 30, 2025.

Board Appointment: Derek Chang, President and CEO of Liberty Media Corporation, has been appointed to the board of directors of Liberty Broadband, increasing the total number of directors to eight, with Chang serving a term expiring in 2027.

Dividend Information: Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock (LBRDP) recently paid a dividend of $0.4375, with the stock trading flat while common shares (LBRDK) decreased by 1.2%.

Market Commentary: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.