ACAS Logo Portfolio Company
BOSTON| CHICAGO| DALLAS| FRANKFURT| LONDON| LOS ANGELES| MADRID| NEW YORK| PALO ALTO| PARIS| PROVIDENCE| WASHINGTON, DC

SHAREHOLDER UPDATES

Q2 2008 Shareholder Presentation

Investor Fact Sheet

Investor Conference and Annual Meeting – New York, NY – May 19th

2007 Annual Report

AMERICAN CAPITAL NEWS

American Capital Provides $110 Million of Financing for YORK Label

American Capital Provides Details of $63 Million Net Realized Portfolio Gains from Second Quarter 2008 Exits

More American Capital News »

PRESS COVERAGE

Buyouts Beat: Five Questions with Bowen Diehl, Buyouts

American Capital Portfolio Company Confluence's new CEO aims to boost sales, The Greenville News

More Press Coverage »

NEWSLETTER

American Capital Newsletter

STOCK RETURNS CALCULATOR

Calculate Returns On Your
American Capital Stock

ACAS Stock Returns

* Includes Dividends Reinvested

INVESTOR RELATIONS

Tax Characterization of 2005 Dividends

Information on dividends paid by American Capital, Ltd. (Nasdaq: ACAS) for 2005 is provided below.

Record Date Payable Date Distribution Rate per Share Ordinary Dividends
%
Total Capital Gain
%
Return of Capital
%
Ordinary Dividends Rate Qualified Dividends Rate
02/25/05 04/01/05 $0.7300 100% 0% 0% $0.7289 $0.0011
05/16/05 07/01/05 $0.7500 100% 0% 0% $0.7500 -
08/26/05 10/03/05 $0.7800 100% 0% 0% $0.7788 $0.0012
12/07/05 12/29/05 $0.7900 100% 0% 0% $0.7808 $0.0092
12/30/05 01/18/06 $0.0300 100% 0% 0% $0.0297 $0.0003
Total $3.0800 100% 0% 0% $3.0682 $0.0118

American Capital, Ltd.'s 2005 dividends of $3.08 per share were a distribution of ordinary income. Of its 2005 ordinary dividends, $3.0682 were non-qualifying dividends and $0.0118 were qualified dividends. The $0.0118 of qualified dividends reflect qualified dividend income received by American Capital in 2005.

Qualified dividend income is dividend income received from domestic corporations and qualified foreign corporations. Qualified dividend income is taxed to stockholders at the rates that apply to net capital gains. American Capital stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions. American Capital must make certain distributions of its taxable income in order to maintain its tax status as a regulated investment company. Investors can refer to the Company's most recent report on SEC Form 10-K for more information about its tax status.

American Capital reports the estimated tax characteristics of each dividend when announced, while the actual tax characteristics of each year's dividends are reported annually to stockholders on Form 1099-DIV.