Ambase Corp. Appoints Ms. A. Halloran to the Board of Directors; To Declare and Pay a Special Cash Dividend
The Board of Directors of AmBase Corp. is considering a plan, which is subject to various economic, financial, business, tax, accounting, regulatory, legal and administrative considerations, to declare and pay a special cash dividend of between $1.50 and $2.00 per share of common stock possibly prior to the end of calendar year 2012.