Replies to post #3267 on Altaba Inc (AABA)

[Enterprising Investor]

Cash now represents 98.8 percent of Adjusted NAV.

[Enterprising Investor]

[From the Department of Corrections]

The Fund continues to hold 5 million Alibaba Shares and currently expects to sell those Alibaba Shares in 2020 for purposes of managing the Fund’s tax liabilities. The Alibaba Shares are currently unhedged but the Fund may elect to hedge those Alibaba Shares in the future. The Fund’s plans with respect to the Alibaba Shares and any related hedging activity may change at the Fund’s discretion.