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FOR IMMEDIATE RELEASE:
May 9, 2001
Contact:
John Erickson, Chief Financial Officer (301) 951-6122
Brian Maney, Director, Corporate Communications (301) 951-6122
AMERICAN CAPITAL INCREASES DIVIDEND 12% TO $0.55 PER SHARE
Bethesda, MD -- American Capital Strategies Ltd. (Nasdaq:ACAS) today announced its Board of Directors has declared a second quarter 2001 dividend of $0.55 per share, payable on June 29, 2001 to record holders as of June 1, 2001. This dividend is a 12% increase over the second quarter 2000 regular dividend of $0.49 per share. American Capital has paid and declared $6.54 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
Regular Dividend
2001 2Q $0.55 12%
2001 1Q $0.53 17%
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 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 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 $0.55 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.
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