SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 3, 2018
GCI LIBERTY, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
12300 Liberty Blvd.
Englewood, Colorado 80112
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (720) 875-5900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 7.01. Regulation FD Disclosure.
On April 3, 2018, GCI Liberty, Inc. (the “Company”) issued a press release (the “press release”) announcing that its Board of Directors declared a special cash dividend which will be payable on May 3, 2018 to shareholders of record of the Company’s Series A Cumulative Redeemable Preferred Stock at the close of business on April 13, 2018. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
This Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 are being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed "filed" for any purpose.
Item 9.01. Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 4, 2018
GCI LIBERTY, INC.
By: /s/ Wade Haufschild
Name: Wade Haufschild
Title: Vice President
April 3, 2018
GCI Liberty, Inc. Declares Special Cash Dividend
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- GCI Liberty, Inc. (“GCI Liberty”) (Nasdaq: GLIBA, GLIBP) today announced that its Board of Directors declared a special cash dividend (the “Special Dividend”) which will be payable on May 3, 2018 to shareholders of record of its Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) at the close of business on April 13, 2018.
The Special Dividend is approximately $0.13 per share of Preferred Stock. The Special Dividend amount per share is equal to (1) all unpaid dividends (whether or not declared) that have accrued on such share or fractional share of Preferred Stock from and including March 8, 2018 to (but not including) April 15, 2018 (the “Accrued Quarterly Dividend”), plus (2) all dividends that have accrued to May 3, 2018 with respect to that portion of the Liquidation Price (as defined in GCI Liberty’s amended and restated articles) which consists of the Accrued Quarterly Dividend.
GCI Liberty expects to pay regular quarterly dividends on the Preferred Stock beginning with the payment date of July 15, 2018.
This press release
includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning dividend payments on the Preferred Stock. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements speak only as of the date of this press release, and GCI Liberty expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in GCI Liberty’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of GCI Liberty, including its most recent Form 10-K and Form S-4 relating to the recently completed transactions between GCI Liberty and Liberty Interactive Corporation, for additional information about GCI Liberty and about the risks and uncertainties related to GCI Liberty’s businesses which may affect the statements made in this press release.
About GCI Liberty, Inc.
GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) operates and owns interests in a broad range of communications businesses. GCI Liberty’s principal assets consist of its subsidiary GCI and interests in Charter Communications and Liberty Broadband Corporation. GCI is the largest communications provider in Alaska, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America. GCI Liberty’s other businesses and assets consist of its subsidiary Evite and its interest in Lending Tree.
GCI Liberty, Inc.
Courtnee Chun, 720-875-5420
Source: GCI Liberty, Inc.