NEW YORK, July 10, 2014 (GLOBE NEWSWIRE) -- On May 9, 2014, Liberty Media Corporation. (Nasdaq:LMCA) announced the distribution of Class C shares to its stockholders.
NASDAQ OMX is providing the information below to clarify the effect of this distribution on Liberty Media Corporation Class A shares in the NASDAQ OMX indexes.
As a result of this transaction, upon distribution, the Liberty Media Corporation Class C shares will be added to all NASDAQ OMX indexes that contain Liberty Media Corporation Class A shares, including, but not limited to, the NASDAQ-100 Index and the NASDAQ Global Index Family.
This is effective prior to market open on July 24, 2014, the ex-date of the distribution.
In order to best reflect our evolving market, both the Class A shares and the Class C shares of Liberty Media Corporation will remain in the Indexes. This action is being taken to provide for seamless distribution of the new securities, and ensure Index continuity.
Projected Index Timeline
July 24 Ex Date:
Prior to market open on Thursday, July 24, 2014, Liberty Media Corporation Class C shares will be added to pertinent NASDAQ OMX indexes, including, but not limited to, the NASDAQ-100 and NASDAQ Global Index Family.
In addition, adjustments will be made to the previous closing price of the Liberty Media Corporation Class A shares, to reflect the pro rata distribution of the Class C shares.
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Source:The NASDAQ OMX Group, Inc.