Bethesda, MD -- American Capital Strategies Ltd. (Nasdaq: ACAS) today announced its Board of Directors has declared a third quarter 2001 dividend of $0.56 per share, payable on October 1, 2001 to record holders as of September 12, 2001. This dividend is a 14% increase over the third quarter 2000 regular dividend of $0.49 per share. American Capital has paid and declared $7.10 in dividends since its August 1997 IPO.
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 Year Qtr,
Prior Year Total
Dividend |
| 2001 |
3Q |
$ 0.56 |
14% |
| 2001 |
2Q |
$ 0.55 |
12% |
| 2001 |
1Q |
$ 0.53 |
18% |
|
| 2000 |
Total |
$ 2.17 |
25% |
|
| 2000 |
Extra Dividend |
$ 0.22 |
N/A |
| 2000 |
4Q |
$ 0.52 |
18% |
| 2000 |
3Q |
$ 0.49 |
14% |
| 2000 |
2Q |
$ 0.49 |
14% |
| 2000 |
1Q |
$ 0.45 |
10% |
|
| 1999 |
Total |
$ 1.74 |
30% |
|
| 1999 |
Extra Dividend |
$ 0.03 |
N/A |
| 1999 |
4Q |
$ 0.44 |
19% |
| 1999 |
3Q |
$ 0.43 |
34% |
| 1999 |
2Q |
$ 0.43 |
48% |
| 1999 |
1Q |
$ 0.41 |
64% |
|
| 1998 |
Total |
$ 1.34 |
N/A |
|
| 1998 |
Extra Dividend |
$ 0.11 |
N/A |
| 1998 |
4Q |
$ 0.37 |
76% |
| 1998 |
3Q |
$ 0.32 |
N/A |
| 1998 |
2Q |
$ 0.29 |
N/A |
| 1998 |
1Q |
$ 0.25 |
N/A |
|
| 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 $0.56 per share is estimated to be a distribution of ordinary income. 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.This press release contains forward-looking statements. 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.
