What are the tax consequences of the reverse stock split to Time Warner Cable stockholders?
Other than cash payments for fractional shares discussed above, no gain or loss should be recognized by Time Warner Cable stockholders in the reverse stock split for U.S. federal income tax purposes. For more information, please refer to the Company’s Definitive Information Statement on Schedule 14C dated February 20, 2009, which is available through www.timewarnercable.com/investors. We encourage you to consult your own tax advisor regarding the particular consequences of the distribution to you, including the applicability and effect of any U.S. federal, state and local and foreign tax laws.
