DividendAug 6, 2026, 07:12 AM
Vistance Networks Declares $5.00 Special Cash Distribution
AI Summary
Vistance Networks, Inc. announced a special cash distribution of $5.00 per share, payable on August 27, 2026, to shareholders of record on August 17, 2026. The distribution, funded by the sale of its Ruckus Networks business, is expected to be treated as a return of capital for U.S. federal tax purposes. Additionally, Joanne M. Maguire retired from the Board of Directors, and Thomas J. Manning was appointed to the Nominating & Corporate Governance Committee.
Key Highlights
- Vistance Networks declared a one-time special cash distribution of $5.00 per share.
- The distribution will be paid on August 27, 2026, to stockholders of record on August 17, 2026.
- The ex-dividend date is August 28, 2026, as the distribution is 25% or more of the stock value.
- The distribution will be funded by cash proceeds from the sale of its Ruckus Networks business.
- For U.S. federal tax purposes, the distribution is expected to be treated as a return of capital.
- Joanne M. Maguire retired as a director, effective immediately, reducing the board to seven members.
- Thomas J. Manning was appointed to the Nominating & Corporate Governance Committee.
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