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Tuesday, October 21, 2014

Equity Trader Alert #2014 - 92
Nasdaq Announces Spin off/Distribution Information for Liberty Media Corporation

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

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An EX date for Liberty Media Corporation Series A, Series B & Series C Common Stock has been established for the spin-off of Liberty Broadband Corporation. A when-issued market will be established for Liberty Broadband Corporation Series A & Series C Common Stock (LBDAV & LBDKV). Liberty Broadband Series B Common Stock will not be listed on Nasdaq and is expected to be quoted over the counter.

Liberty Media Corporation has announced a spin- off of Liberty Broadband Corporation. The details of the distribution are as follows:

Company/ Parent: Liberty Media Corporation
Issue: Series A Common Stock
CUSIP: 531229102
Symbol: LMCA
Record Date: October 29, 2014
Payment Date: November 4, 2014
EX Date: November 5, 2014
Due Bill Redemption Date: November 7, 2014
Ratio of Spin Off/ Distribution:
 One-fourth (1/4) of a share of Liberty Broadband Corporation Series A Common Stock for every share of Liberty Media Corporation Series A Common Stock held.

 

Company/ Parent: Liberty Media Corporation
Issue: Series B Common Stock
CUSIP: 531229201
Symbol: LMCB
Record Date: October 29, 2014
Payment Date: November 4, 2014
EX Date: November 5, 2014
Due Bill Redemption Date: November 7, 2014
Ratio of Spin Off/ Distribution:
 One-fourth (1/4) of a share of Liberty Broadband Corporation Series B Common Stock for every share of Liberty Media Corporation Series B Common Stock held.

 

Company/ Parent: Liberty Media Corporation
Issue: Series C Common Stock
CUSIP: 531229300
Symbol: LMCK
Record Date: October 29, 2014
Payment Date: November 4, 2014
EX Date: November 5, 2014
Due Bill Redemption Date: November 7, 2014
Ratio of Spin Off/ Distribution:
 One-fourth (1/4) of a share of Liberty Broadband Corporation Series C Common Stock for every share of Liberty Media Corporation Series C Common Stock held.

A when issued market will be established for Liberty Broadband Corporation Series A Common Stock. The first day of “regular way” trading will be November 5, 2014. The symbol will change to LBRDA on that date. The details for the when issued market are as follows:

Symbol: LBDAV
CUSIP: 530307107
Anticipated First Trade Date: November 4, 2014
First Day of Regular Way Trading: November 5, 2014
Settlement Date: November 10, 2014

A when issued market will be established for Liberty Broadband Corporation Series C Common Stock. The first day of “regular way” trading will be November 5, 2014. The symbol will change to LBRDK on that date. The details for the when issued market are as follows:

Symbol: LBDKV
CUSIP: 530307305
Anticipated First Trade Date: November 4, 2014
First Day of Regular Way Trading: November 5, 2014
Settlement Date: November 10, 2014

For information on this announcement, contact Nasdaq Corporate Data Operations at +1 877 908 0523.

For questions regarding the Series B, please contact FINRA at +1 866 899 2107.

If you would like to register as a market maker in LBDAV or LBDKV, contact Nasdaq Trading Operations at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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