Bethesda, MD - July 16, 2003 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it will report second quarter 2003 earnings on Tuesday, August 5, 2003. American Capital invites its prospective shareholders, shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, August 6 at 11:00 am ET. The dial in number is 888-428-4479. International callers should dial 612-288-0318. Please advise the operator you are dialing in for the American Capital Shareholder Call.
During the Shareholder Call, we invite you to turn to our shareholder website, www.ACAS.com, and click on the August 6 Shareholder Call Slide Show button. The quarterly shareholder presentation includes a summary slide show to accompany the call that participants may download and print, a longer version with supplementary information, and a downloadable spreadsheet with summary financial data. Participants will also be able to access the complete streaming presentation on our website. The shareholder presentation will be made available shortly after the earnings release on August 5. You may wish to take the time to review the slides in advance of the Shareholder Call.
For the convenience of our shareholders, there will be a recording available from 9:30 p.m. August 6 until 11:55 p.m. August 16. If you are interested in hearing the recording of the presentation, please dial 800-475-6701 and enter code 691292. International callers may dial 320-365-3844 and enter the same code, 691292. We will also have the Shareholder Slide Shows with audio accompaniment available on our website, starting August 6.
For further information or questions, please do not hesitate to call our Shareholder Relations department at (301) 951-6122.
As of June 30, 2003, American Capital shareholders have enjoyed a total return of 177% since the Company's IPO - an annualized return of 19%, assuming reinvestment of dividends. American Capital has paid a total of $11.68 per share in dividends since its August 1997 IPO at $15 per share.
American Capital is a publicly traded buyout and mezzanine fund with capital resources of approximately $1.8 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 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.
