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

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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
November 4, 2015

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

AMERICAN CAPITAL REPORTS NOI BEFORE INCOME TAXES OF $0.40 PER DILUTED SHARE, NET LOSS OF $(0.14) PER DILUTED SHARE AND NAV PER SHARE OF $20.44

Bethesda, MD - November 4, 2015 - American Capital, Ltd. (“American Capital” or the “Company”) (NASDAQ: ACAS) announced consolidated net operating income (“NOI”) before income taxes for the quarter ended September 30, 2015 of $108 million, or $0.40 per diluted share, an 8% annualized return on equity. Consolidated NOI after income taxes for the quarter ended September 30, 2015 was $75 million, or $0.28 per diluted share. Consolidated net loss for the quarter ended September 30, 2015 was $(37) million, or $(0.14) per diluted share. As of September 30, 2015, net asset value (“NAV”) per share was $20.44, a $0.09 per share increase from the June 30, 2015 NAV per share of $20.35.

Q3 2015 CONSOLIDATED FINANCIAL SUMMARY

•
$20.44 NAV per share outstanding
ü
$0.09 per share increase, or 2% annualized, over Q2 2015
•
$0.40 NOI before income taxes per diluted share, or $108 million
ü
18%, or $0.06 per diluted share, increase over Q2 2015, or $11 million
ü
67%, or $0.16 per diluted share, increase over Q3 2014, or $42 million
ü
8.0% annualized return on equity
•
$0.28 NOI after income taxes per diluted share, or $75 million
ü
17%, or $0.04 per diluted share, increase over Q2 2015, or $8 million
•
$(0.14) net loss per diluted share, or $(37) million
ü
$0.36 per diluted share, decline from Q2 2015, or $99 million
•
$494 million of cash proceeds from realizations
ü
$262 million from Senior Floating Rate Loans (“SFRLs”)
•
$691 million in new committed investments
ü
$223 million in Senior Floating Rate Loans
○
Funded by drawing on a credit facility
ü
$177 million in Sponsor Finance Investments
ü
$147 million in Structured Products
•
9.7 million shares of American Capital common stock repurchased for $135 million
ü
3.6% of shares outstanding as of June 30, 2015
ü
$13.82 average price per share
ü
$0.23 per share accretive to September 30, 2015 NAV per share




The following information was filed by American Capital, Ltd (ACAS) on Wednesday, November 4, 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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SEC Filing Tools
Ticker: ACAS
CIK: 817473
Form Type: 10-Q Quarterly Report
Accession Number: 0000817473-15-000052
Submitted to the SEC: Mon Nov 09 2015 5:05:36 PM EST
Accepted by the SEC: Mon Nov 09 2015
Period: Wednesday, September 30, 2015
Industry: 817473

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