BETHESDA, Md., April 2, 2012 /PRNewswire/ -- American
Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company")
announced today that in the first quarter of 2012 it had made open
market purchases of 5.5 million shares of American Capital common
stock, or 1.7% of the Company's outstanding shares of common stock
as of December 31, 2011. The
shares were purchased at an average price of $8.79 per share, totaling $48.1 million.
Since August 2011, American
Capital has made open market purchases of 23.0 million shares of
American Capital common stock, at an average price of $7.89 per share, totaling $181.9 million. Purchases in 2011 were
$0.32 per share accretive to the
Company's net asset value per share as of December 31, 2011. Additional accretion
will result from the purchases in the first quarter of 2012 and
will be disclosed in the Company's earnings
release.
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm
and global asset manager. American Capital, both directly and
through its asset management business, originates, underwrites and
manages investments in middle market private equity, leveraged
finance, real estate and structured products. American Capital has
$68 billion in assets under
management as of December 31, 2011
and seven offices in the U.S. and Europe. American Capital and European
Capital will consider investment opportunities from $10 million to $500 million. For further
information, please refer to www.americancapital.com
This press release contains forward-looking statements. The
statements regarding expected results of American Capital 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, national or international economic conditions, or changes
in the conditions of the industries in which American Capital has
made investments.
CONTACT:
Investors - (301) 951-5917
SOURCE American Capital, Ltd.