Liberty Broadband Corp - LBRDK STOCK NEWS

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call on May 2, 2023, at 4:30 p.m. E.T. to discuss its Q1 2023 results. The press release detailing these results will be available after market close on the same day. Shareholders can join the call via InComm Conferencing and are encouraged to register online for a live broadcast. The session will include a Q&A segment focused on Liberty Broadband and Liberty TripAdvisor Holdings, Inc., addressing their financial performance and outlook. Liberty Broadband operates significant interests in communications, primarily through its holdings in Charter Communications and its subsidiary GCI, which serves customers across Alaska.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (LBRDP). This dividend is set to be paid on April 17, 2023, to shareholders recorded by the close of business on March 31, 2023.

Liberty Broadband primarily holds interests in communications businesses, including a significant stake in Charter Communications and GCI, Alaska’s largest communications provider, serving both consumer and business sectors.

Liberty Broadband Corporation has successfully closed a private offering of $1,265 million in 3.125% exchangeable senior debentures due 2053. This includes an option exercised for $165 million. The debentures are exchangeable for shares of Charter Communications Class A stock. Each $1,000 of debentures equates to roughly 1.8901 shares, at an initial exchange price of $529.07 per share. The funds will be used to repurchase existing debentures, including the $1.75% and $2.75% series, enhancing Liberty Broadband’s financial stability.