Bethesda, MD - September 18, 2002 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will hold a Shareholder Conference Call at 9 a.m. (EDT), Thursday, September 19, in order to address the recent trading activity in the Company's stock. During the Shareholder Conference Call, the Company invites you to turn to our shareholder website and click on the September 19 Shareholder Conference Call Slide Show button in order to view the presentation accompanying the conference call. The dial in number is (800) 553-0326. International callers should dial (612) 332-0637. Please advise the operator you are dialing in for the American Capital Shareholder Conference Call.
American Capital has recently reiterated its 2002 guidance, including its forecast of Net Operating Income of between $2.54 and $2.62 per share. The Company has also recently stated that it believes it can maintain or increase its dividend without raising additional capital. In the five years since American Capital's IPO, the Company has received cash payments of $334 million from its portfolio companies and has paid $214 million of dividend. The dividends paid or declared have been $9.64 per share. American Capital management intends to discuss these and other topics of shareholder interest on the conference call.
For further information, see American Capital's responses to statements made about the Company posted on the Company website.
For the convenience of our shareholders, there will be a recording available from 11:00 pm September 19 to 11:59 pm September 29. If you are interested in hearing the recording of the presentation, please dial (800) 475-6701 and enter code 653350. International callers may dial (320) 365-3844 and enter the same code, 653350. For further information or questions, please do not hesitate to call our Shareholder Relations department at (301) 951-6122.
American Capital has a declared a $.66 per share dividend to be paid on October 1, 2002 to record holders as of September 12, 2002. This dividend is an 18% increase over the third quarter 2001 regular dividend of $0.56 per share. American Capital has paid or declared $9.64 in dividends since its August 1997 IPO at $15.00 per share.
American Capital is a publicly traded buyout and mezzanine fund with capital resources exceeding $1 billion. American Capital is an equity partner in management and employee buyouts; invests in private equity sponsored buyouts, and provides capital directly to private and small public companies. American Capital provides senior debt, mezzanine debt and equity to fund 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.
