Liquidation: ALTABA INC.

Form Type: 8-K

Filing Date: 2025-05-06

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525113830

Filing Summary: On May 6, 2025, Altaba Inc. announced a liquidating distribution of $0.20 per share of common stock, totaling approximately $103,902,273, payable on May 19, 2025. This follows the approval of a Plan of Complete Liquidation and Dissolution by stockholders on June 27, 2019, leading to a certificate of dissolution filed on October 4, 2019. The company is engaged in court-supervised wind-up proceedings initiated on May 28, 2020, under Delaware law. Recent developments include a reduction in an agreed security amount approved by the IRS, which allowed Altaba to make this distribution. The press release providing further details about the distribution was also filed as an exhibit with the report.

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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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