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FOR IMMEDIATE RELEASE:
October 25, 2001
Contact:
John Erickson, Chief Financial Officer (301) 951-6122
Kelley Gregory, Director, Investor Relations (301) 951-6122
AMERICAN CAPITAL INCREASES DIVIDEND 10% TO $0.57 PER SHARE
Bethesda, MD - October 25, 2001 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its Board of Directors has declared a fourth quarter 2001 dividend of $0.57 per share, payable on December 31, 2001 to record holders as of December 12, 2001. This dividend is a 10% increase over the fourth quarter 2000 regular dividend of $0.52 per share. American Capital has paid and declared $7.67 in dividends since its August 1997 IPO.
A summary of American Capital's dividend history follows. For further dividend history, please visit our website. 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 |
4Q |
$0.57 |
10% |
| 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 |
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| Total |
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$7.67 |
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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 $0.57 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.
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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