Bethesda, MD - January 31, 2002 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced its Board of Directors has declared a first quarter 2002 dividend of $0.59 per share, payable on March 29, 2002 to record holders as of March 15, 2002. This dividend is an 11% increase over the first quarter 2001 regular dividend of $0.53 per share. American Capital has paid and declared $8.35 in dividends since its August 1997 IPO.
A summary of American Capital's dividend history follows. For further dividend history, please click here. 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 |
%Change Over
Prior Year Quarter,
Prior Year Total |
Extra
Dividend |
Total |
| 2002 Q1 |
$0.59 |
11% |
N/A |
|
|
| 2001 |
$2.21 |
13% |
$0.09 |
$2.30 |
| Q4 |
$0.57 |
10% |
|
| Q3 |
$0.56 |
14% |
|
| Q2 |
$0.55 |
12% |
|
| Q1 |
$0.53 |
18% |
|
|
| 2000 |
$1.95 |
14% |
$0.22 |
$2.17 |
| Q4 |
$0.52 |
18% |
|
| Q3 |
$0.49 |
14% |
|
| Q2 |
$0.49 |
14% |
|
| Q1 |
$0.45 |
10% |
|
|
| 1999 |
$1.71 |
39% |
$0.03 |
$1.74 |
| Q4 |
$0.44 |
19% |
|
| Q3 |
$0.43 |
34% |
|
| Q2 |
$0.43 |
48% |
|
| Q1 |
$0.41 |
64% |
|
|
| 1998 |
$1.23 |
N/A |
$0.11 |
$1.34 |
| Q4 |
$0.37 |
76% |
|
| Q3 |
$0.32 |
N/A |
|
| Q2 |
$0.29 |
N/A |
|
| Q1 |
$0.25 |
N/A |
|
|
| 1997 Q4 |
$0.21 |
|
|
| TOTAL |
|
$8.35 |
|
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 $0.59 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 with capital resources exceeding $1 billion. 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. The Company has paid or declared $7.76 per share in dividends since going public in 1997.
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.
