Liquidation: ALTABA INC.

Form Type: N-CSR

Filing Date: 2025-02-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525026051

Filing Summary: Altaba Inc. is reported as an independent closed-end management investment company that has undergone a complete liquidation and dissolution process since 2019. The company’s board of directors approved a Plan of Liquidation and Dissolution, which stockholders supported in June 2019. Key financial highlights include recent liquidating distributions totaling significant amounts per share, indicating ongoing returns to stockholders as part of the winding down process. The company's net assets have decreased substantially from $1.44 billion at the end of 2023 to $911.88 million by the end of 2024, exhibiting the effects of liquidation-related activities. Distribution history shows multiple liquidating distributions made since the approval of the liquidation plan, most recently recorded distributions reflect a total approach toward fulfilling the obligations associated with the ongoing dissolution. As of October 2024, the company concludes that it is no longer required to maintain certain security amounts related to claims as all litigation previously pending has been resolved, solidifying its position in the liquidation process.

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