Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Rights Offering

Liberty Media Corporation (LMCA) announces distribution dates for Broadband spinoff/rights offering

Liberty Media Corporation (Nasdaq: LMCA, LMCB, LMCK) announced on 10/9 that its Board of Directors has declared a record date of 5:00 p.m., New York City time, on October 29, 2014 for the distribution of the Liberty Broadband common stock and set a distribution date of 5:00 p.m., New York City time, on November 4, 2014 for the completion of the Spin-Off.

Also, the Board of Directors of Liberty Broadband has declared a record date of 5:00 p.m., New York City time, on November 19, 2014, for the distribution of subscription rights to acquire shares of Series C common stock of Liberty Broadband. The distribution of the Series C Rights will occur separately from the distribution of the stock of Liberty Broadband. It is expected that the distribution date for the Series C Rights will be 5:00 p.m., New York City time, on December 10, 2014. Source: Filing

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