AB Active ETFs, Inc.

Form Type: 497

Filing Date: 2024-12-18

Corporate Action: Liquidation

Type: New

Accession Number: 000091957424007188

Comments: The document outlines a planned conversion of the AB Total Return Bond Portfolio, a mutual fund series of AB Bond Fund, Inc., into the AB Core Plus Bond ETF, a series of AB Active ETFs, Inc. This conversion will involve a tax-free reorganization, allowing current stockholders of the Acquired Portfolio to exchange their shares for shares of the Acquiring Portfolio at the same net asset value. The conversion is deemed beneficial due to lower expenses, increased trading flexibility, and enhanced transparency for shareholders. The expected date for completion is February 10, 2025. The reorganization will lead to the liquidation of the Acquired Portfolio post-conversion. The shareholders are not required to vote on this decision. A detailed plan for execution and the associated benefits and risks of the conversion are presented.

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