June 2, 2014
Sale of an Additional Portion of the AMBAC Preferred shares
Alliance Semiconductor Corporation (ALSC) announces that it has sold an additional 280 units of the Ambac preferred shares that it has received as a result of the forced conversion of Auction Rate securities guaranteed by AMBAC Assurance. Proceeds from the sales total $4,078 thousand or 58.25% of the face value of the shares.
Alliance continues to hold 747 units of Ambac preferred shares with a face value of $18,675 thousand.