Vistance Networks Declares $10.00 Special Cash Distribution
Vistance Networks, Inc. (NASDAQ: VISN), a global provider of intelligent network solutions, announced a $10.00 per share special cash distribution funded by proceeds from the sale of its Connectivity and Cable Solutions business to Amphenol Corporation.
Vistance Networks, Inc. (NASDAQ: VISN), a global provider of intelligent network solutions, announced on April 7, 2026, that its board of directors has declared a one-time special cash distribution of $10.00 per share. The payment will be made to shareholders of record as of April 17, 2026. Read more dividend announcements.
The company will fund the distribution using cash on hand, including proceeds from the $1.9 billion sale of its Connectivity and Cable Solutions business to Amphenol Corporation, which closed on January 9, 2026. Vistance opted to use existing cash rather than leverage the remaining business, citing current volatility in the debt markets.
| Distribution Details | Date |
|---|---|
| Distribution Amount | $10.00 per share |
| Record Date | April 17, 2026 |
| Payment Date | April 27, 2026 |
| Distribution Type | Special (one-time) |
Tax Treatment
The company stated it does not believe it has a meaningful amount of current and accumulated earnings and profits. As a result, Vistance expects the distribution to be treated for U.S. federal income tax purposes first as a return of capital to shareholders up to their tax basis in company stock, and thereafter as capital gain from the sale or exchange of stock.
The company plans to file an IRS Form 8937 within 45 days following the distribution to reflect the final tax treatment, which may be based on available estimates. Shareholders are advised to consult their own tax advisors regarding the consequences of the distribution.