AmBase Reports Full Year Results
GREENWICH, Conn., March 30, 2011 /PRNewswire/ -- AmBase Corporation (OTC Bulletin Board: ABCP) (the "Company") announced today a net loss of $1,960,000 or $0.04 per share for the full year ended December 31, 2010.
For the full year ended December 31, 2009, the Company recorded a net loss of $2,411,000 or $0.06 per share.
A more complete discussion of the Company's affairs is included in AmBase Corporation's Annual Report on 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission.
The Company also announced that it has fixed the close of business on Thursday, April 14, 2011, as the record date for the upcoming 2011 Annual Meeting of Stockholders of AmBase Corporation, which will be held at 9:00 AM Eastern Daylight Time on Friday, June 3, 2011 at the Hyatt Regency Hotel, 1800 East Putnam Avenue, Greenwich, Connecticut.
(in thousands, except per share data)
Realized gains on sales of investment securities
Loss before income taxes
Income tax expense
Net loss per common share:
Weighted average common shares outstanding:
SOURCE AmBase Corporation
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