American Capital Announces Directed Share Subscription Program.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--March 27, 2000 Will Offer Stockholders Opportunity to Participate in Certain Portfolio Companies' IPOs American Capital Strategies, Ltd. (Nasdaq: ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ), announced today that subject to stockholder approval, it will initiate a Directed Share Subscription Program. The program will allow American Capital stockholders to participate directly in certain initial public offerings of stock by ACAS portfolio companies. American Capital's stockholders will be asked to consider certain amendments to the company's investment policies so as to allow the program at the ACAS' annual stockholders' meeting, to be held on May 3, 2000. "The Directed Share Subscription Program is a continuation of our commitment to maximize stockholder value," said Malon Wilkus, American Capital's Chairman and Chief Executive Officer. "Through an investment in American Capital, we make available to our stockholders the opportunity to invest in a diversified portfolio of mid-market companies. Now we are adding the choice to invest in particular companies if they emerge into the public market." ACAS will seek to offer the opportunity to its stockholders to subscribe directly for shares of stock being sold in initial public offerings by ACAS portfolio companies. However, there is no assurance that such an opportunity will be made available in any particular company. Participation by ACAS in the program may cause ACAS to be an underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. under Federal securities laws. Because such an activity is prohibited by ACAS' current investment policies, ACAS stockholders will be asked to consider an amendment to those policies at the annual stockholders meeting. The program will only be implemented if such an amendment is approved. Additional information on the directed share subscription program will be available on the company's Web site, www.acasonline.com. American Capital is a buyout and specialty finance company. ACAS acts as an equity partner in management and employee buyout transactions; invests debt and equity in support of companies led by sophisticated private equity firms, and makes strategic investments in private and small public companies. American Capital funds growth, acquisitions and recapitalizations. Companies interested in learning more about American Capital's flexible financing and transactional expertise should contact John Hoffmire, Vice President of Sales and Marketing, at 781-862-4447, or visit our website at www.AmericanCapital.com. Capital.com, Inc., the source for business finance, a portfolio company of American Capital, provides access to receivable and inventory financing Inventory financing Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan. , machinery and equipment loans and leasing, real estate and construction financing, subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". 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. , and financing for growth, acquisition, buyouts, ESOPs, Internet development, liquidity and restructurings. Companies in need of financing or information about financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. should contact Capital.com at info@Capital.com, or call Harry Kelly Harry Francis Kelly (April 19 1895 – February 8 1971) was an American politician. He served as a Republican Governor of Michigan from 1943 to 1947. Early life Kelly was born in Ottawa, Illinois and was educated at Notre Dame University, where he received an LL.B. , Vice President, at 212-213-2009. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding expected results of American Capital Strategies 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 or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments. |
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