Exhibit 99.1

 

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Two Bethesda Metro Center

14th Floor

Bethesda, MD 20814

(301) 951-6122

(301) 654-6714 Fax

 

www.AmericanCapital.com

FOR IMMEDIATE RELEASE

February 15, 2011

CONTACT:

Investors – (301) 951-5917

Media – (301) 968-9400

AMERICAN CAPITAL REPORTS 2010 EARNINGS OF $1 BILLION, OR $3.02 PER

SHARE AND NET OPERATING INCOME OF $204 MILLION, OR $0.62 PER SHARE

Bethesda, MD – February 15, 2011 – American Capital, Ltd. (“ACAS” or the “Company”) (Nasdaq: ACAS) announced net operating income (“NOI”) for the quarter and year ended December 31, 2010 of $67 million, or $0.19 per diluted share, and $204 million, or $0.62 per diluted share, respectively. Net earnings for the quarter and year were $381 million, or $1.08 per diluted share, and $998 million, or $3.02 per diluted share, respectively. As of December 31, 2010, net asset value (“NAV”) per share was $10.71, a 12%, or $1.12 per share increase from the September 30, 2010 NAV per share of $9.59 and a 29%, or $2.42 per share increase from the December 31, 2009 NAV per share of $8.29.

Q4 2010 FINANCIAL SUMMARY

 

   

$67 million NOI

  ü $8 million, or 14%, increase over Q3 2010
   

$376 million net unrealized appreciation of investments

  ü $218 million, or 138%, improvement over Q3 2010
   

$5 million net realized earnings (net earnings less net unrealized appreciation)

  ü $14 million improvement over Q3 2010
   

$381 million net earnings

  ü $232 million, or 156%, improvement over Q3 2010
  ü 44% annualized return on average equity (“ROE”)
   

$474 million of cash proceeds from realizations

   

$258 million of debt repaid

2010 FINANCIAL SUMMARY

 

   

$204 million NOI

  ü $69 million, or 51%, increase over 2009
   

$1,370 million net unrealized appreciation of investments

  ü $1,602 million improvement over 2009
   

$(372) million net realized loss (net earnings less net unrealized appreciation)

  ü $306 million improvement over 2009


The following information was filed by American Capital, Ltd (ACAS) on Tuesday, February 15, 2011 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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