Allied Capital Corp. and Allied Capital Corp. II realize gain from sale of Envirco Corp.WASHINGTON--(BUSINESS WIRE)--Aug. 15, 195--Allied Capital Corp. (ALLC ALLC Association for Literary and Linguistic Computing ALLC Allied Capital Corporation (stock symbol) ALLC Army Logistics Leadership Center (Red River Defense Complex, Texarkana, TX) ) and Allied Capital Corp. II (ALII) recently completed the sale of their equity interests in Envirco Corp. As a result of this sale, Allied Capital Corp. realized a capital gain of approximately $959,000 and Allied Capital Corp. II realized a capital gain of approximately $753,000. The Allied Capital companies first invested in Envirco in early 1993. By mid- mid- pref. Middle: midbrain. 1994, the company had repaid Allied's debt, and the Allied Capital companies continued to hold warrants representing potential ownership of approximately 24% of the company. Envirco Corp. is a leading manufacturer of clean room and filter systems used by electronics manufacturers and hospitals to create ultra ultra Member of the extreme right (ultraroyalist) wing of the royalist movement in the French Bourbon Restoration (1815–30). The ultras included large landowners, clericalists, and the former émigré nobility. clean environments. Envirco was sold to Trion Corp. (TRON), a publicly traded manufacturer of a full line of consumer, commercial and industrial indoor air cleaners. Trion acquired all of the outstanding stock and warrants of Envirco early this month. Allied Capital Corp. is a publicly traded business development company, headquartered in Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , traded on Nasdaq National Market, symbol ALLC. There are 6,174,047 total shares outstanding. Allied Capital pays a regular quarterly cash distribution of 22 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. and an annual extra distribution which is determined at year end. Allied Capital paid a total of $1.40 per share, including a 60 cent per share annual extra distribution in the form of shares of Allied Capital Lending Capital lending is the process of a large company, or corporation, offering financing on large "ticket" items to encourage the customer to purchase that item. Many major corporations have set up finance divisions, or subsidiaries, to help the customer purchase their product over Corp., for the year ended Dec. 31, 1994. Allied Capital paid $1.35 per share in cash distributions for the year ended Dec. 31, 1993; $1.32 per share for 1992; $1.30 per share for 1991; $1.27 per share for 1990. Allied Capital has paid regular quarterly distributions and an annual extra distribution since 1964. All numbers have been adjusted for stock splits. Allied Capital's stock is marginable. A recent quote of the stock was $12.375. Allied Capital Corp. II is a publicly traded business development company, headquartered in Washington, traded on Nasdaq National Market, symbol ALII. There are 6,938,191 total shares outstanding. Allied Capital II pays a regular quarterly cash dividend of 29 cents per share and has paid an extra cash distribution each year since inception. For 1994, Allied Capital II distributed a total of $1.34 per share to shareholders; for 1993, distributions totaled $1.22 per share; for 1992, distributions totaled $1.15 per share. Allied Capital II's stock is marginable. A recent quote of the stock was $15.50. For additional information or a copy of these companies' annual reports, please contact Allied Capital's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/331-1112 or fax to 202/659-2053. CONTACT: Allied Capital, Washington Suzanne Suzanne is a common female given name that was particularly popular in the United States in the 1950s and 1960s. It remained in the top 200 most popular names in the United States between 1930 and the late 1980s. Sparrow, 202/331-1112 |
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