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March 28, 2013
16:03 EDTACASAmerican Capital announces repurchase of 9M shares in Q1
American Capital announced that in Q1, it made open market purchases of approximately 9M shares of American Capital common stock, or 3% of the company's outstanding shares as of December 31, 2012. The shares were purchased at an average price of $14.23 per share, totaling approximately $128.3M.
News For ACAS From The Last 14 Days
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March 5, 2015
15:12 EDTACASOrange concerned about ACAS's capital allocation, seeks assurances on spin off
Orange Capital holder of approximately 2.4% of the stock of American Capital announced it has issued the following letter to Mr. Malon Wilkus, Chairman and CEO of ACAS. The letter says in part: "We are supportive of the companyís November 5 announcement to separate the asset management business from the investment portfolio. Despite this positive announcement, ACASís shares continue to trade at a depressed 73% of reported NAV. We believe that the Spin Off should ultimately unlock significant shareholder value. However, we are concerned about managementís stance on capital allocation and seek assurances with respect to the governance of the newly separated companies after giving effect to the Spin Off...We urge management to reconsider its stance on share repurchases and earmark at least one-third of the $600 to $800M allocated for ACAM growth in the Fourth Quarter 2014 earnings presentation for share repurchases. We believe that a share repurchase program will have a limited impact on the current yield generated by the BDC portfolios, and their valuations post the Spin Off...We urge management to reconsider its capital allocation strategy and to institute sound corporate goverance in the newly separated companies. We are highly confident that many of ACASís shareholders share our views. "
15:06 EDTACASOrange concerned on ACAS's capital allocation, seeks spin off assurances
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March 3, 2015
16:04 EDTACASAmerican Capital appoints John Scheurer as Chief Investment Officer
American Capital announced that John Scheurer joined the company on March 1, as Managing Director and Chief Investment Officer in the Commercial Real Estate Group. Scheurer will be responsible for developing a commercial real estate platform, alongside American Capital Managing Director Doug Cooper and the existing Commercial Real Estate Group. American Capital may fund its commercial real estate investments by incubating a commercial mortgage real estate investment trust, which it would manage.
February 24, 2015
18:34 EDTACASAmerican Capital reports Q4 EPS 14c, consensus 17c
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