Proposed Exemption From Certain Prohibited Transactions Involving GCI Communication Corporation (GCI or the Applicant) Located in Anchorage, Alaska
Official abstract: This proposed exemption would permit the GCI 401(k) Plan's (the Plan's) prior acquisition and holding of rights to purchase shares of GCI Liberty, Inc. Series C GCI Group Common Stock (the Rights). Absent an exemption, these transactions would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code).