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Alliance Semiconductor Declares Special Cash Dividend.

SANTA CLARA, Calif. -- Alliance Semiconductor Corporation (Pink Sheets:ALSC) announced today that its Board of Directors declared a special one-time cash dividend of $0.05 per share, which is payable September 26, 2008 to stockholders of record as of the close of business today, September 19, 2008. Bryant Riley, Alliance's Chairman, said, "This dividend represents our singular focus on returning capital to shareholders as we take steps to begin dissolution. We hope to make additional distributions, although the amount and timing of such additional payments is uncertain given the company's holding of auction rate certificates that will need to be monetized in an orderly manner."
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Publication:Business Wire
Date:Sep 19, 2008
Words:105
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