Altaba Inc. is an independent, publicly traded, non-diversified, closed-end management investment company registered under the 1940 Act. The Fundâs common stock is listed on NASDAQ Global Select Market (âNasdaqâ) under the ticker symbol âAABA.â
On June 13, 2017, Yahoo Inc. completed the sale of its operating business to Verizon Communications Inc. Subsequently, the Company was renamed âAltaba Inc.â and began trading under the ticker symbol âAABA.â Because Altaba Inc.âs assets consist primarily of securities and cash, the Company was required to register as an investment company under the Investment Company Act of 1940. The completion of the sale of the operating business to Verizon did not otherwise affect shares of Yahoo common stock, which now represent shares of common stock of the Company after it registered as an investment company and changed its name to âAltaba Inc.â
On April 2, 2019, the Fundâs 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.
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