Vistance Networks, Inc. (NASDAQ: VISN) announced on October 14, 2026, that its Board of Directors has approved a one-time special cash distribution of $1.50 per share. The payment is scheduled for November 6, 2026, to be issued to stockholders of record as of the close of business on October 26, 2026.
Pursuant to Nasdaq Rule 11140(b)(2), the ex-dividend date for this distribution is set for November 9, 2026. This date is the first business day following the payment date, as the distribution amount represents 25% or greater of the value of the Company’s common stock.
The Company stated that the special cash distribution will be funded with available cash, including proceeds from the sale of its Ruckus Networks business completed on July 1, 2026. This distribution brings the total special distributions declared by the Company this year to $16.50 per share.
The Company indicated that it does not currently have a meaningful amount of current and accumulated "earnings and profits." Consequently, for U.S. federal income tax purposes, the distribution is expected to be treated first as a return of capital to the extent of a shareholder's tax basis in the stock, and thereafter as a capital gain. The Company will file an IRS Form 8937 within 45 days following the distribution to provide more detailed tax information.
