© 2020 Altaba Terms and Privacy


Information with respect to the Fund on this website represents past performance of the Fund's common stock and does not guarantee future results. The market price of the Fund's common stock, its NAV and Adjusted NAV and the discount at which its shares of common stock trade relative to its NAV and Adjusted NAV will change with market conditions. The value of an investor’s shares may be worth more or less than the original cost and you may lose money by investing in the Fund.

The Fund seeks to reduce the trading discount of its shares relative to its net asset value, while simplifying its net asset base and returning capital to shareholders in ways that are accretive and that increase shareholder value. The Fund currently does not intend to sell its shares of Alibaba Group Holding Limited in response to changes in the market prices of those shares, though it reserves the right to do so. The Fund’s Alibaba shares and its shares of Yahoo Japan Corporation represent substantially all of its assets. As a result, the performance of the Fund's common stock is substantially affected by the performance of the Alibaba shares and Yahoo Japan shares it owns, and an investment in the Fund is particularly subject to risks relating to Alibaba and Yahoo Japan. The Fund generally does not currently anticipate making new investments other than for ordinary course cash management purposes. There is no assurance that the Fund will achieve its investment objective.

Carefully consider the Funds' investment objective, risk factors, and expenses before investing. This and other information can be found in the Fund's Registration Statement on Form N-2, its Annual and Semi-Annual reports filed with the Securities and Exchange Commission on Form N-CSR and the Fund's other public filings. Read this information carefully before investing.