Allied Capital Increases Quarterly Dividend to $0.46 Per Share; Second Quarter Earnings to be Released July 25; Conference Call Scheduled.Business Editors/Hi-Tech Writers WASHINGTON--(BUSINESS WIRE)--July 20, 2000 Allied Capital Corporation (Nasdaq: 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) ) today announced its third quarter 2000 dividend of $0.46 per share. The Board of Directors increased the company's quarterly dividend by $0.01 per share due to their positive outlook for the company's earnings potential. The Board's decision also reflected the company's strategy to retain a portion of its earnings to fuel future growth. The company has increased its regular dividends every year for the past 26 years. With this increase, the company is on track to distribute $1.82 per share, or over $130 million in dividends, in 2000 and ranks in the top ten of dividend paying companies of all issuers on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . The dividend is payable as follows:
Record date September 15, 2000
Payable date September 29, 2000
Earnings to be Released July 25; Investor Web Cast/ Conference Call Scheduled Allied Capital will release second quarter financial results on Tuesday, July 25, 2000 before the market opens, and will host a web cast/ conference call at 10:15 (EST EST electroshock therapy. EST abbr. electroshock therapy ) that morning to discuss the results and other highlights of the quarter. All interested parties are welcome to attend the live web cast, which will be hosted through our web site at www.alliedcapital.com. Please visit the web site to set up your connection before the call. You can also access the conference call by dialing 888/606-5913 approximately 15 minutes prior to the call; please reference the passcode "Allied Capital." International callers should dial 312/470-0052. For complete information about the web cast/ conference call, please visit our web site or call Allied Capital Investor Relations Investor relations The process by which the corporation communicates with its investors. at 888/818-5298. An archived replay of the event will be available on our web site. About Allied Capital Allied Capital is a business development company that provides investment capital to fuel the expansion of growing companies nationwide. The company's private finance group provides mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. ranging in size from $5 million to $30 million. Allied Capital Express, the company's small business loan program, provides real estate loans of up to $3 million for small businesses online at www.AlliedCapitalExpress.com. The company also participates in the real estate capital markets as an investor in commercial mortgage-backed securities Commercial mortgage-backed securities (CMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage-backed security which are backed by mortgages on commercial rather than residential real estate. . The company is headquartered in Washington, DC and has regional offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information, please visit the web site at www.alliedcapital.com, call Allied Capital Investor Relations toll-free at 888/818-5298 or e-mail us at ir@alliedcapital.com. |
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