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Friday, July 1, 2016

Equity Trader Alert #2016 - 148
UPDATED: Nasdaq established Ex-date for Spin off/Distribution Information for Liberty Interactive Corporation Series A & B Shares

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  • Industry Announcement 

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An Ex-date has been established for Liberty Interactive Corporation spin-off of its subsidiary CommerceHub, Inc. to the holders of its Series A Liberty Ventures & Series B Liberty Ventures common stock. A when-issued market will be established for CommerceHub, Inc. Class A & Class C Common Stock (CHIAV & CHIKV). CommerceHub, Inc. ClassB Common Stock will not be listed on Nasdaq and is expected to be quoted over the counter

The details of this distribution are as follows:

Company: Liberty Interactive Corporation
Issue: Series A Liberty Ventures Common Stock
CUSIP: 53071M880
Symbol: LVNTA
Record Date: July 8, 2016
Payment Date: July 22, 2016
EX Date: July 25, 2016
Due Bill Redemption Date: July 27, 2016
Distribution Details: 0.1 of a share of CommerceHub Class A (CHUBA) & 0.2 of a share of CommerceHub Class C (CHUBK) for every share held.
Company: Liberty Interactive Corporation
Issue: Series B Liberty Ventures Common Stock
CUSIP: 53071M872
Symbol: LVNTB
Record Date: July 8, 2016
Payment Date: July 22, 2016
EX Date: July 25, 2016
Due Bill Redemption Date: July 27, 2016
Distribution Details: 0.1 of a share of CommerceHub Class B & 0.2 of a share of CommerceHub Class C (CHUBK) for every share held.

A when issued market will be established for both the CommerceHub Class A (CHUBA) & CommerceHub Class C (CHUBK). The symbols will change from CHIAV to CHUBA & CHIKV to CHUBK on the first day of regular-way trading. The details for the when issued market are as follows:

Symbol: CHIAV
Name: CommerceHub Inc. Series A Common Stock
CUSIP: 20084V108
Anticipated First Trade Date: July 22, 2016
First Day of Regular Way Trading: July 25, 2016
Settlement Date: July 28, 2016
Symbol: CHIKV
Name: CommerceHub Inc. Series C Common Stock
CUSIP: 20084V306
Anticipated First Trade Date: July 22, 2016
First Day of Regular Way Trading: July 25, 2016
Settlement Date: July 28, 2016

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