Statement re Tax Status of 2008 Dividends
January 29 2009 - 8:42AM
UK Regulatory
TIDMECAS
RNS Number : 4708M
American Capital, Ltd.
29 January 2009
FOR IMMEDIATE RELEASE
January 28, 2009
Contact:
Amanda Cuthbertson, Director, Investor Relations (301) 951-6122
Pete Deoudes, Director, Equity Capital Markets (301) 951-6122
AMERICAN CAPITAL ANNOUNCES TAX STATUS OF 2008 DIVIDENDS
Bethesda, MD - January 28, 2009 - American Capital Ltd. (Nasdaq:ACAS) announced
today that its 2008 distributions of $3.09 per share consisted of $2.39 per
share of ordinary income and $0.70 per share of long-term capital gain
distributions for federal income tax purposes. Stockholders receiving long-term
capital gain distributions may receive preferential tax rates on such income.
American Capital also announced that of its 2008 ordinary dividends, $2.38 per
share were non-qualifying dividends and $0.01 per share were qualified
dividends. The $0.01 per share of qualified dividends reflect qualified dividend
income received by American Capital from portfolio companies in 2008. Qualified
dividend income is dividend income received from qualified domestic and foreign
corporations. Qualified dividend income is taxed to stockholders at the rates
that apply to capital gains. Please consult your tax advisors.
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.
Information on dividends paid by American Capital for 2008 is provided below.
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
| Record | Payment |Distribution | Ordinary |Distributed | Return | Long-Term |Non-Qualified |Qualified |
| Date | Date | Rate per |Dividends | Capital | of | Capital | Dividend | Dividend |
| | | Share | % | Gain % |Capital | Gain | | |
| | | | | | % |Distribution | | |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
| | | | | | | | | |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
|10/06/08 |10/14/08 | $1.05 | 100% | 0% | 0% | $0.00 | $1.04 | $0.01 |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
| 6/13/08 | 7/01/08 | $1.03 | 32% | 68% | 0% | $0.70 | $0.33 | $0.00 |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
| 3/07/08 | 4/01/08 | $1.01 | 100% | 0% | 0% | $0.00 | $1.01 | $0.00 |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
| Total | $3.09 | 77% | 23% | 0% | $0.70 | $2.38 | $0.01 |
+----------+----------+--------------+-----------+-------------+---------+--------------+---------------+-----------+
ABOUT AMERICAN CAPITAL
American Capital, with $17 billion in capital resources under management1, is
the only private equity fund and the largest alternative asset management
company in the S&P 500. American Capital, both directly and through its global
asset management business, originates, underwrites and manages investments in
private equity, leveraged finance, real estate and structured products. American
Capital and its affiliates invest from $5 million to $400 million per company in
North America and EUR5 million to EUR100 million per company in Europe. American
Capital was founded in 1986 and currently has 11 offices in the U.S., Europe and
Asia.
1As of September 30, 2008.
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.
Consequently, an investor's shares, when sold, may be worth more or less than
their original cost. Additionally, American Capital's current performance may be
lower or higher than the performance data quoted above.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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