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FOR IMMEDIATE RELEASE:
October 27, 2000
Contact:
Kelley Gregory, Director, Investor Relations (301) 951-6122
AMERICAN CAPITAL DECLARES DIVIDEND OF $0.52 PER SHARE,
18% INCREASE OVER FOURTH QUARTER OF 1999
Bethesda, MD -- American Capital Strategies, Ltd. (Nasdaq:ACAS) today announced its Board of Directors has declared a fourth quarter 2000 dividend of $0.52 per share, payable on December 28, 2000 to record holders as of December 12, 2000. This dividend is an 18% increase over the fourth quarter 1999 regular dividend of $0.44 per share.
A summary of American Capital's dividend history follows. Click here for further dividend history. American Capital offers a Dividend Reinvestment Plan (DRIP). For more information regarding this Plan, please click here or call its Shareholder Relations Department at (301) 841-1359.
AMERICAN CAPITAL'S DIVIDEND HISTORY
Year Quarter Dividend Amount % Increase
Over Prior Qtr
Of Regular Dividend
2000 4Q $0.52 (Declared) 6%
2000 3Q $0.49 ------
2000 2Q $0.49 9%
2000 1Q $0.45 2%
1999 Bonus Dividend $0.03 N/A
1999 4Q $0.44 2%
1999 3Q $0.43 ------
1999 2Q $0.43 5%
1999 1Q $0.41 11%
1998 Bonus Dividend $0.11 N/A
1998 4Q $0.37 16%
1998 3Q $0.32 10%
1998 2Q $0.29 16%
1998 1Q $0.25 19%
1997 4Q $0.21 ------
American Capital provides the estimated tax characteristics of its dividend on a quarterly basis and those estimates are subject to recharacterization. The current dividend of $0.52 per share is estimated to be a distribution of ordinary income. American Capital also expects to declare a bonus dividend in December to meet its tax distribution requirements. The actual tax characteristics will be reported to each shareholder on a Form 1099.
American Capital is a publicly traded buyout and mezzanine fund. American Capital is an equity partner in management and employee buyouts; invests in debt and equity of companies led by private equity firms, and provides capital directly to private and small public companies. American Capital funds growth, acquisitions and recapitalizations.
Companies interested in learning more about American Capital's flexible financing and ability to provide senior debt, subordinated debt and equity should contact Mark Opel, Principal, at (800) 248-9340, or visit our website. Capital.com, Inc., a portfolio company of American Capital Strategies, Ltd. (Nasdaq:ACAS), is a business finance portal where premier financing sources compete to provide receivable and inventory financing, machinery and equipment loans and leasing, real estate and construction financing, subordinated debt and equity financing for growth, acquisitions, management buyouts, liquidity, recapitalizations, ESOP transactions and SBA loans. Companies in need of financing or information about financial services should contact Capital.com at info@Capital.com, or call 646-935-1100.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
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