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American Capital, Ltd (ACAS) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2015

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American Capital, Ltd

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CIK: 817473 Ticker: ACAS

Exhibit 99.1                                                
Two Bethesda Metro Center
14th Floor
Bethesda, MD 20814
(301) 951-6122
(301) 654-6714 Fax
 
FOR IMMEDIATE RELEASE
August 5, 2015

CONTACT:
Investors - (301) 951-5917
Media - (301) 968-9400

AMERICAN CAPITAL REPORTS NOI BEFORE INCOME TAXES OF $0.34 PER DILUTED SHARE, NET EARNINGS OF $0.22 PER DILUTED SHARE, AND NAV PER SHARE OF $20.35

Bethesda, MD - August 5, 2015 - American Capital, Ltd. (“American Capital” or the “Company”) (NASDAQ: ACAS) announced consolidated net operating income (“NOI”) before income taxes for the quarter ended June 30, 2015 of $97 million, or $0.34 per diluted share, a 7% annualized return on equity. Consolidated NOI after income taxes for the quarter ended June 30, 2015 was $67 million, or $0.24 per diluted share. Consolidated net earnings for the quarter ended June 30, 2015 was $62 million, or $0.22 per diluted share. As of June 30, 2015, net asset value (“NAV”) per share was $20.35, a $0.23 per share increase from the March 31, 2015 NAV per share of $20.12.

Q2 2015 CONSOLIDATED FINANCIAL SUMMARY

•
$20.35 NAV per share outstanding
ü
$0.23 per share increase, or 5% annualized, over Q1 2015
•
$0.34 NOI before income taxes per diluted share, or $97 million
ü
21%, or $0.06 per diluted share, increase over Q1 2015, or $19 million
ü
7% annualized return on equity
•
$0.24 NOI after income taxes per diluted share, or $67 million
ü
33%, or $0.06 per diluted share, increase over Q1 2015, or $17 million
•
$0.22 net earnings per diluted share, or $62 million
ü
340%, or $0.17 per diluted share, increase over Q1 2015, or $47 million
•
$594 million of cash proceeds from realizations
ü
$186 million from Senior Floating Rate Loans (“SFRLs”)
ü
$170 million from investments sold to a European Capital debt fund
•
$976 million in new committed investments
ü
$300 million in Senior Floating Rate Loans
ü
$179 million in a European Capital debt fund
ü
$155 million in Structured Products
ü
$145 million in buyback of ACE I and ACE II interests in 22 portfolio companies (“ACE Buybacks”)
ü
$114 million in Sponsor Finance Investments
•
6.5 million shares of American Capital common stock repurchased, totaling $93 million
ü
$14.32 average price per share
ü
$0.14 per share accretive to June 30, 2015 NAV per share





The following information was filed by American Capital, Ltd (ACAS) on Wednesday, August 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Material Contracts, Statements, Certifications & more

American Capital, Ltd provided additional information to their SEC Filing as exhibits

Exhibit 10.2: Material Contract
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32: Section 1350 Certification
Ticker: ACAS
CIK: 817473
Form Type: 10-Q Quarterly Report
Accession Number: 0000817473-15-000031
Submitted to the SEC: Mon Aug 10 2015 5:16:45 PM EST
Accepted by the SEC: Mon Aug 10 2015
Period: Tuesday, June 30, 2015
Industry: 817473

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