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Investor Relations

Dividends

Through the tax year ended September 30, 2010, American Capital qualified to be taxed as a RIC under Subchapter M of the Code. American Capital has distributed sufficient dividends to eliminate taxable income through the tax year ended September 30, 2010. For the tax year ended September 30, 2011, American Capital became subject to taxation as a corporation under Subchapter C of the Code. This change in tax status does not affect American Capital’s status as a BDC under the 1940 Act.

American Capital has paid $30.32 in dividends per share since our IPO in August 1997.

AMERICAN CAPITAL DIVIDEND HISTORY
Year$ Dividend
Per Share
% Change Over
Prior Year
Ex-Dividend
Date
Record
Date
Payment
Date
Total
Since IPO
$30.32    
2009$1.07Cash and Stock Distribution*06/18/0906/22/0908/07/09
2008$3.09-17%   
2007$3.7212%   
2006$3.338%   
2005$3.086%   
2004$2.914%   
2003$2.799%   
2002$2.5712%   
2001$2.306%   
2000$2.1725%   
1999$1.7430%   
1998$1.34N/A   
1997$0.21N/A   

*On June 11, 2009, American Capital declared a dividend of $1.07 per share payable on August 7, 2009. The dividend included the Company's remaining 2008 taxable income, which was required to be distributed to stockholders prior to September 30, 2009, in order for the Company to maintain its tax status as a regulated investment company and to eliminate its income tax liability, as well as a portion of estimated 2009 taxable income. At the election of each registered stockholder, the dividend was payable either in shares of common stock or cash. Stockholders who elected to receive the dividend solely in shares of common stock and stockholders who did not make an election received 0.332 shares of common stock for each share of common stock they owned on the record date. Stockholders who elected to receive the dividend in cash, received cash in the amount of $0.185 per share or 17% of the $1.07 dividend and 0.275 shares of common stock or 83% of the total dividend for each share of common stock they owned on the record date. The number of shares of common stock comprising the stock portion was calculated based on a price of $3.2199 per share, the volume weighted trading price per share of the common stock on the NASDAQ Global Select Market on July 27, 28 and 29, 2009. For additional information on the August 7, 2009 dividend, please click here.

Tax Characterization of Dividends

Information on dividends paid by American Capital, Ltd. (Nasdaq: ACAS) is provided below.

Download Documentation 2009 Tax Characteristics
Download Documentation 2008 Tax Characteristics
Download Documentation 2007 Tax Characteristics
Download Documentation 2006 Tax Characteristics
Download Documentation 2005 Tax Characteristics
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