BETHESDA, Md., May 6 -- American Capital Strategies, Ltd. (Nasdaq:ACAS) today announced its Board of Directors has declared a second quarter 1999 dividend of $0.43 per share, payable on June 30, 1999 to record holders as of June 21, 1999. This dividend is a 5% increase over the previous quarter's regular dividend of $0.41 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 visit www.ACAS1.com/Divid/reinvest.html or call its Shareholder Relations Department at (301) 951-6122.
American Capital's Dividend History
Year Quarter Dividend Amount % Increase
Over Prior Qtr
Of Regular Dividend
1999 2Q $0.43 5%
1999 1Q $0.41 10%
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 $0.43 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 buyout and specialty finance company with capital resources exceeding $250 million. American Capital invests $3 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at (800) 248-9340 or visit its website at www.American-Capital.com or its shareholder site at www.ACAS1.com.
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, Ltd. are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings and national economic trends.
