Altaba Inc. (formerly known as Yahoo! Inc.) is an independent, non-diversified, closed-end management investment company registered under the 1940 Act.
On April 2, 2019, the Fund’s Board of Directors approved the liquidation and dissolution of the Fund pursuant to a Plan of Complete Liquidation and Dissolution, which was approved by stockholders on June 27, 2019.
On October 4, 2019, the Fund filed a certificate of dissolution with the Secretary of State of the State of Delaware. The Certificate of Dissolution, which became effective at 4:00 p.m. Eastern Time on October 4, 2019 (the “Effective Time”), provides for the dissolution of the Fund under the General Corporation Law of the State of Delaware. In connection with the filing of the Certificate of Dissolution, effective as of the Effective Time, the Fund closed its stock transfer books and discontinued recording transfers of its common stock, $0.001 par value per share (the “Shares”). Record holders of Shares are no longer able to transfer record ownership of their Shares on the Fund’s stock transfer books, other than transfers by will, intestate succession or operation of law.
As previously announced, the Fund notified The NASDAQ Global Select Market (collectively with the Nasdaq Stock Market LLC, “Nasdaq”) on September 23, 2019 of its intention to file the Certificate of Dissolution on October 4, 2019, and Nasdaq halted trading in the Shares on Nasdaq following the close of regular trading on October 2, 2019. Nasdaq has advised the Fund that trading in the Shares will be indefinitely suspended prior to the opening of trading on October 7, 2019, and that Nasdaq will thereafter file with the Securities and Exchange Commission (the “SEC”) a Notice of Removal from Listing and/or Registration on Form 25 to cause the Shares to be delisted.
Prior to the filing of the Certificate of Dissolution, the Shares were listed on Nasdaq and traded under the ticker symbol “AABA.” The Fund expects to continue to be registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”) and will file reports in compliance with the 1940 Act and regulations thereunder.
Questions from investors or the media should be directed to email@example.com. Questions from creditors about a claim in connection with the liquidation and dissolution process should be directed to firstname.lastname@example.org.
New & Noteworthy
Since the commencement of the Fund’s Alibaba sales on January 13, 2020 and through January 17, 2020, the Fund has sold 4,420,154 Alibaba Shares at an average price per Alibaba Share of $226.24 for total proceeds of approximately $1 billion.
On January 13, 2020, Altaba Began Selling its Remaining Alibaba Shares. Read More >
On November 1, 2019, Altaba filed an 8-K reporting supplemental September 30, 2019 financial and other information. Read More >
On November 1, 2019, Altaba filed its September 30, 2019 N-PORT. Read More >
On October 4, 2019, Altaba Filed the Certificate of Dissolution. Read More >
On September 30, 2019, Altaba Announced Nasdaq to Halt Trading in Altaba Shares on October 2, 2019. Read More >
On September 23, 2019, Altaba Set the Date for Filing the Certificate of Dissolution. Read More >
On September 6, 2019, Altaba Announced a Pre-Dissolution Liquidating Distribution of $51.50 Per Share. Read More >
On August 23, 2019, Altaba filed its June 30, 2019 Semi-Annual Report. Read More >
On June 27, 2019, Altaba Announced Stockholder Approval of Plan of Complete Liquidation and Dissolution.
Read More >
On June 7, 2019, Altaba filed a Supplement to the Definitive Proxy Statement. Read More >
On May 17, 2019, Altaba filed its Definitive Proxy Statement. Read More >