American Capital Announces the Purchase of 5.5 Million of Its Shares

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.    

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

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.

Investors -
(301) 951-5917

SOURCE American Capital, Ltd.


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