Liquidating fund

06-Jan-2021 09:45

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In addition, the Fund will close its stock transfer books, after which record holders of the Shares generally will be prohibited from transferring record ownership of their Shares (except by will, intestate succession or operation of law).(“Altaba” or the “Fund”) (NASDAQ: AABA) today announced that the Fund’s Board of Directors (the “Board”) has approved the liquidation and dissolution of the Fund pursuant to a Plan of Complete Liquidation and Dissolution (the “Plan”), subject to stockholder approval.The Fund intends to file a proxy statement with the (the “SEC”) with respect to a special meeting of stockholders to seek stockholder approval of the liquidation and dissolution pursuant to the Plan.These statements are not statements of historical facts and do not reflect historical information.

Forward-looking statements are subject to numerous risks and uncertainties and actual results may differ materially from those statements.The Fund intends to sell no more than approximately 50% of the Alibaba Shares it holds prior to receiving stockholder approval of the liquidation and dissolution pursuant to the Plan and to sell its remaining Alibaba Shares after stockholder approval, except that any Alibaba Shares it does not need to sell to cover the reserve amounts may instead be distributed in kind.

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