June 6, 2014
Disposition of AMBAC Preferred Shares Is Complete
Alliance Semiconductor Corporation (ALSC) announces that it has sold the remaining 747 units of the Ambac preferred shares it held as a result of the forced conversion of Auction Rate securities guaranteed by AMBAC Assurance. Proceeds from the 747 units total $10,878 thousand.
Alliance no longer holds any Ambac preferred shares.