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Feb 15, 2018

Altaba to Hold Strategic and Financial Update Conference Call on February 27, 2018



NEW YORK--(BUSINESS WIRE)-- Altaba Inc. ("Altaba" or the "Company") (NASDAQ:AABA) today announced that the Altaba senior management team will provide a strategic and financial update in a conference call and webcast scheduled for 8:30 a.m. Eastern Time on Tuesday, February 27, 2018. Altaba executives on the call will include Chief Executive Officer Thomas J. McInerney, Chief Financial Officer Alexi Wellman, and General Counsel Arthur Chong.

The call can be accessed live by dialing 1-877-883-0383 or 1-412-902-6506 (international) and entering code 1332028. Investors and other interested parties may also access a live webcast on the Company's website: www.altaba.com.

For those who are unable to listen to the live call or webcast, a replay will be available on the Company's website shortly after the call.

About Altaba Inc.

Altaba Inc. (NASDAQ:AABA) is an independent, publicly traded, non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. The fund's assets primarily—but not entirely—comprise two investments: the first a substantial position in Alibaba Group Holding Limited, which has become one of the world's largest online retailers, and the second in Yahoo Japan Corporation, now a leading Japanese internet company.

Prior to June 16, 2017, Altaba was known as "Yahoo! Inc." Altaba was created from Yahoo! Inc. after the sale of its operating businesses, at which time Yahoo! Inc. registered as an investment company, was renamed Altaba Inc., and began trading under the Nasdaq ticker symbol AABA.

Visit www.altaba.com for more information.

Forward-Looking Statements

This press release and Altaba's discussion and webcast may contain "forward-looking statements" concerning the Fund's future financial or business performance, strategies or expectations. Risks and uncertainties may cause actual results to differ materially from the results predicted. Information about potential factors that could affect the Fund's business and financial results will be included under the caption "Risk Factors" in the Fund's Registration Statement on Form N-2, which is available on the SEC's website at www.sec.gov and on the Fund's website at www.altaba.com. All information set forth in this communication is as of February 15, 2018. The Fund does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances.

Forward-looking statements are based on the Fund's current expectations about our investments and business, management's beliefs, and certain assumptions made by the Fund, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "trend," "intention," "assume," "outlook," "opportunity," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to anticipated trends in performance of Altaba's portfolio or assets, potential business or regulatory developments that may affect the valuation of the Fund's assets, or changes in the Fund's investment strategies or policies. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual Fund performance to differ materially and adversely from the views expressed in any forward-looking statement. Forward-looking statements speak only as of the date they are made, and Altaba assumes no duty to, and does not undertake to, update forward-looking statements.

Our Registration Statement on Form N-2 and our Semi-Annual Report filed with the SEC on Form N-CSR for the period ended June 30, 2017, identify additional factors that can cause our actual results to differ from forward-looking statements or historical performance.

In addition to the factors disclosed in our Registration Statement on Form N-2 and in our Semi-Annual Report filed with the SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) our future operating results; (2) our business prospects and the prospects of our portfolio companies; (3) our contractual arrangements and relationships with third parties; (4) the dependence of our future success on the general economy and its impact on the companies in which we invest; (5) the financial condition of and ability of our portfolio companies to achieve their business objectives; (6) our expected financings and the adequacy of our cash resources and working capital, including our ability to obtain financing on favorable terms; (7) our ability to attract and retain highly talented professionals; (8) changes in law and policy accompanying the new administration and uncertainty pending any such changes; (9) increased geopolitical unrest, terrorist attacks or acts of war, which may adversely affect the general economy, domestic and local financial and capital markets, or the specific industries or geographic markets of our portfolio companies; (10) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets; (11) the unfavorable resolution of legal proceedings; and (12) the impact of changes to tax legislation and, generally, our tax position.

Abernathy MacGregor
Alan Oshiki or Mike Pascale
212-371-5999
altaba@abmac.com

Source: Altaba Inc.

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Stock Information

Altaba Inc. (AABA) - NASDAQ

$76.45 0.00 (0.00%)

4:00PM EDT

  • Day HighN/A
  • Day LowN/A
  • 52-Week High$80.56
  • 52-Week Low$49.90
  • Adjusted NAV per share (3) $103.97
  • Discount to Adjusted NAV (4) 26.47%