EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: PROPOSED EXEMPTION FROM CERTAIN PROHIBITED TRANSACTIONS INVOLVING GCI COMMUNICATION CORPORATION (GCI OR THE APPLICANT) LOCATED IN ANCHORAGE, ALASKA

WASHINGTON, Oct. 16 -- Employee Benefits Security Administration has issued a notice called: Proposed Exemption From Certain Prohibited Transactions Involving GCI Communication Corporation (GCI or the Applicant) Located in Anchorage, Alaska.

The notice was published in the Federal Register on Oct. 16 by Christopher Motta, Acting Director, Office of Exemption Determinations, Employee Benefits Security, Administration, U.S. Department of Labor.

Summary: 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 ...