iPass Inc adpots $20M distribution of capital to holders
iPass Inc. announced that its board of directors has adopted a plan of distribution for a second $20M distribution of capital to stockholders. iPass has already executed on its commitment to distribute $20M of capital to stockholders through a special 32c per share cash dividend that was paid in September 2009; this second $20M distribution will be comprised of two parts: a special cash dividend of $10M or 16c per share, and the launching of a $10M stock repurchase program. :theflyonthewall.com
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