Liberty Broadband Corp. 7% Perpetual Preferred Stock is a type of equity security that represents ownership in Liberty Broadband Corporation, entitling holders to dividend payments. This preferred stock is perpetual, meaning it has no maturity date, providing indefinite exposure to potential income in the form of fixed dividends at a rate of 7% annually. The stock is senior to common stock, which implies that in the event of liquidation, preferred shareholders have a higher claim on assets. This class of stock does not typically grant voting rights, allowing investors to focus on income rather than company governance. The perpetual nature and stated dividend rate make it appealing for income-seeking investors, and it plays a significant role in enhancing the financial stability and liquidity for Liberty Broadband Corp. within the financial markets.