BETHESDA, Md., March 14, 2016 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today that its Board of Directors has reset the date of its Annual Meeting of Shareholders to July 29, 2016 and that June 10, 2016 will be the record date for determining shareholders eligible to vote at the Annual Meeting. The Company had previously announced that June 30, 2016 would be the date of the meeting. After the record date, the Company will distribute to all shareholders of record on that date a Notice of Annual Meeting and Proxy Statement, which will set forth the time of day and place of the meeting and will include information on matters to be voted upon at the meeting.
The Company noted that the American Capital Board of Directors has postponed the Annual Meeting in consideration of the Company's ongoing strategic review process. Due to the significant preliminary level of interest from strategic and financial prospective purchasers of the Company or certain of its business lines, the Board believes that, consistent with its goal of maximizing value for all shareholders, it is prudent to work to complete the upcoming phases of the process before the Annual Meeting schedule begins.
American Capital noted that there can be no assurance that the continuing strategic review process will result in a transaction or transactions and that it will not necessarily report further on the progress of the process.
ABOUT AMERICAN CAPITAL American Capital, Ltd. (Nasdaq: ACAS) 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 manages $21 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $73 billion of total assets under management (including levered assets). Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $10 billion of total net book value. American Capital and its affiliates operate out of seven offices in the U.S. and Europe. For further information, please refer to www.AmericanCapital.com.
This press release contains forward-looking information and statements. Forward-looking statements give our current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future" and other words and terms of similar meaning in connection with any discussion of the timing or nature of transaction closings, future operating or financial performance or other events. Forward looking statements are not guarantees of performance or results, and involve known and unknown risks, uncertainties (some of which are beyond the Company's control), assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Should one or more of these risks or uncertainties materialize, the Company's actual results may vary in material respects from those projected in any forward-looking statements. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and the Company's subsequent periodic filings. Copies are available on the SEC's website at www.sec.gov. Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Performance data quoted above represents past performance of American Capital. Past performance does not guarantee future results and the investment return and principal value of an investment in American Capital will likely fluctuate.
Media (301) 968-9400
Investor Relations (301) 951-5917
SOURCE American Capital, Ltd.