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FOR IMMEDIATE RELEASE:
January 30, 2003
Contact:
John Erickson, Chief Financial Officer (301) 951-6122
Kelley Gregory, Director, Investor Relations (301) 951-6122
AMERICAN CAPITAL DECLARES DIVIDEND OF $0.67 PER SHARE
14% INCREASE OVER Q1 2002
Bethesda, MD - January 30, 2003 - American Capital Strategies Ltd.
(Nasdaq:ACAS)announced today its Board of Directors has declared a first quarter 2003 dividend of $0.67 per share, payable on March 31, 2003 to record holders as of March 12, 2003. This dividend is a 14% increase over the first quarter 2002 regular dividend of $0.59 per share. American Capital has paid or declared a total of $11.00 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 visit our website or call its Shareholder Relations Department at (301) 841-1359.
You Can't Restate a Dividend!
AMERICAN CAPITAL'S DIVIDEND HISTORY
$11.00 Paid and Declared Since August 1997 IPO
|
|
| Year/Quarter |
Dividend
Amount |
%Change Over
Prior Year Quarter,
Prior Year Total |
Extra
Dividend |
Total |
| 2003 |
|
|
|
|
| Q1 |
$0.67 |
14% |
|
|
|
| 2002 |
$2.55 |
15% |
$0.02 |
$2.57 |
| Q4 |
$0.67 |
18% |
|
|
| Q3 |
$0.66 |
18% |
|
|
| Q2 |
$0.63 |
15% |
|
|
| Q1 |
$0.59 |
11% |
|
|
|
| 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 |
|
|
$0.21 |
|
| TOTAL |
|
|
|
$11.00 |
|
|
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 $0.67 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 $1.5 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.
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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