American Capital Age (AGNC) 19.66 $AGNC
mREITs' Q2 Earnings to Watch on Aug 2: EARN, JCAP & More
Zacks Equity Research - Zacks Investment Research - Mon Aug 01, 7:19AM CDT
Some mREITs which are slated to report June quarter-end results on Aug 2 are Ellington Residential Mortgage REIT (EARN), Jernigan Capital, Inc. (JCAP), MFA Financial, Inc. (MFA), New Residential Investment Corp. (NRZ) and New York Mortgage Trust Inc. (NYMT).
EARN: 14.43 (+0.29), MFA: 7.59 (+0.07), AGNC: 19.66 (+0.07), JCAP: 15.79 (+0.03), NRZ: 13.65 (-0.02), CMO: 10.05 (+0.10), NYMT: 6.55 (+0.01)
mREITs' Q2 Earnings to Watch on Aug 1: MTGE, ANH, AJX, RSO
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 7:37AM CDT
Some mREITs which are slated to report June quarter-end results on Aug 1 are American Capital Mortgage Investment Corp. (MTGE), Anworth Mortgage Asset Corporation (ANH), Great Ajax Corp (AJX) and Resource Capital Corp. (RSO).
RSO: 13.64 (+0.03), ANH: 4.96 (+0.04), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07), AJX: 13.97 (+0.12)
American Capital (AGNC) Beats on Q2 Earnings, Up Q/Q
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 2:43PM CDT
American Capital Agency Corp. (AGNC) reported second-quarter 2016 net spread and dollar roll income of 56 cents per share (excluding estimated "catch-up" premium amortization benefit) that beat the Zacks Consensus Estimate of 51 cents.
CIM: 16.91 (+0.13), AGNC: 19.66 (+0.07), RWT: 14.36 (+0.09), AJX: 13.97 (+0.12)
American Capital Agency Corp. Declares Monthly Common Stock Dividend of $0.18 per Common Share for August 2016
PR Newswire - Wed Jul 27, 3:01PM CDT
American Capital Agency Corp. ("AGNC" or the "Company"
(Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for August 2016. The dividend is payable on September 9, 2016 to common stockholders of record as of August 31, 2016, with an ex-dividend date of August 29, 2016.
AGNC: 19.66 (+0.07)
American Capital Agency Corp. Reports $0.73 Comprehensive Income Per Common Share And $22.22 Net Book Value Per Common Share
PR Newswire - Wed Jul 27, 3:01PM CDT
American Capital Agency Corp. ("AGNC" or the "Company" (Nasdaq: AGNC) today reported comprehensive income for the second quarter of 2016 of $0.73 per common share and net book value of $22.22 per common share. Economic return for the period, defined as dividends per common share and the change in net book value ("NAV" per common share, was 3.3% for the quarter, or 13.3% on an annualized basis.
AGNC: 19.66 (+0.07)
mREITs' Q2 Earnings to Watch on Jul 27: AGNC and CMO
Zacks Equity Research - Zacks Investment Research - Tue Jul 26, 7:30AM CDT
Important mREITs which are slated to report their Apr-Jun quarter results on Jul 27 are American Capital Agency Corp. (AGNC) and Capstead Mortgage Corp. (CMO).
AGNC: 19.66 (+0.07), CMO: 10.05 (+0.10)
Downgrade Alert for American Capital Agency (AGNC)
Comtex SmarTrend(R) - Tue Jul 19, 3:06AM CDT
American Capital Agency (NASDAQ:AGNC) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $19.21 on volume of 1.8 million shares, below average daily volume of 2.7 million. American Capital Agency share prices have moved between a 52-week high of $20.93 and a 52-week low of $15.69 and closed yesterday at 22% above that low price at $19.21 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
AGNC: 19.66 (+0.07)
Annaly (NLY) Closes $1.5B Acquisition of Hatteras Financial
Zacks Equity Research - Zacks Investment Research - Wed Jul 13, 5:19AM CDT
Annaly Capital Management, Inc. (NLY) has closed the previously announced acquisition of Winston Salem, NC-based mREIT, Hatteras Financial Corp. for $1.5 billion.
HASI: 22.81 (+0.32), NLY: 11.06 (+0.08), AGNC: 19.66 (+0.07), RWT: 14.36 (+0.09)
American Capital Agency Corp. Declares Monthly Common Stock Dividend of $0.20 per Common Share for June 2016 and Announces Estimated Net Book Value of $22.36 per Common Share as of May 31, 2016
PR Newswire - Mon Jun 13, 3:01PM CDT
American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company" announced today that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for June 2016. The dividend is payable on July 8, 2016 to common stockholders of record as of June 30, 2016, with an ex-dividend date of June 28, 2016.
AGNC: 19.66 (+0.07)
KBW Announces Index Rebalancing for Second-Quarter 2016
BusinessWire - Fri Jun 10, 8:00PM CDT
Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for second quarter of 2016.
SF: 35.12 (-0.23), AGNC: 19.66 (+0.07)
Milberg LLP Announces Investigation of Board of Directors' Decision to Sell American Capital, Ltd. to Ares Capital Corporation
PR Newswire - Tue May 31, 4:20PM CDT
Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law in connection with the proposed acquisition of American Capital, Ltd. (ACAS) ("American Capital" or the "Company" to Ares Capital Corporation (ARCC) ("Ares" .
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), AGNC: 19.66 (+0.07)
American Capital Agency Corp. to Present at KBW Mortgage Finance Conference
PR Newswire - Thu May 26, 2:00PM CDT
American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company" announced today that Gary Kain, Chief Executive Officer, President and Chief Investment Officer, is scheduled to participate in a discussion at the KBW Mortgage Finance Conference in New York City on Wednesday, June 1, 2016 at 11:20 am ET. The presentation will be webcast live and archived on the AGNC website in the Investor Relations section at http://ir.agnc.com.
AGNC: 19.66 (+0.07)
American Capital Agency (AGNC) to Buy Its External Manager
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:28AM CDT
American Capital Agency (AGNC) has inked a deal to acquire its external manager American Capital Mortgage Management.
ACAS: 16.50 (+0.03), TWO: 8.80 (+0.05), AGNC: 19.66 (+0.07), CMO: 10.05 (+0.10)
American Capital to Sell Operations; Moody's Upgrade Likely
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:00AM CDT
Putting an end to all speculations about possible sale or restructuring, American Capital, Ltd. (ACAS) announced the sale of operations for $4 billion through two separate deals
ACAS: 16.50 (+0.03), GS: 158.18 (-0.63), ARCC: 15.29 (+0.15), AGNC: 19.66 (+0.07)
Upgrade Alert for American Capital Agency (AGNC)
Comtex SmarTrend(R) - Tue May 24, 3:13AM CDT
American Capital Agency (NASDAQ:AGNC) was upgraded from Hold to Buy at Wunderlich today. The stock closed yesterday at $19.17 on volume of 7.7 million shares, above average daily volume of 2.7 million. American Capital Agency share prices have moved between a 52-week high of $20.93 and a 52-week low of $15.69 and closed yesterday at 22% above that low price at $19.17 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.12% higher over the past week, respectively.
AGNC: 19.66 (+0.07)
Ares Capital Corporation to Acquire American Capital, Ltd in Transaction Valued at $3.4 Billion
BusinessWire - Mon May 23, 6:51AM CDT
--In a separate transaction, American Capital announced the sale of American Capital Mortgage Management, LLC to American Capital Agency Corp. for $562 million
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), ARES: 17.26 (-0.09), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
American Capital Mortgage Investment Corp. Announces The Signing Of Definitive Documentation Related To The Acquisition Of Its External Manager By American Capital Agency Corp. And Changes To Its Board Of Directors
PR Newswire - Mon May 23, 6:48AM CDT
American Capital Mortgage Investment Corp. ("MTGE" or the "Company" (Nasdaq: MTGE) today announced that American Capital Agency Corp. ("AGNC" (Nasdaq: AGNC) has entered into a definitive transaction agreement to acquire MTGE's external manager, American Capital MTGE Management, LLC ("MTGE Manager" from American Capital Asset Management, LLC ("ACAM" , a wholly-owned portfolio company of American Capital, Ltd. ("ACAS" . Under the terms of the transaction agreement, AGNC will acquire American Capital Mortgage Management, LLC ("ACMM" , which is the parent company of MTGE Manager. Following the closing of the transaction, MTGE Manager, as an indirect subsidiary of AGNC, will continue to provide investment management services to MTGE on an external basis under the existing fee structure. AGNC intends to retain ACMM's current employee base, including its management, agency and non-agency investment, operations, accounting, and treasury personnel following the transaction.
ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07)
American Capital Agency Corp. to Acquire Its External Manager
PR Newswire - Mon May 23, 6:47AM CDT
American Capital Agency Corp. ("AGNC" or the "Company" (Nasdaq: AGNC) today announced that it has entered into a definitive transaction agreement to acquire American Capital Mortgage Management, LLC ("ACMM" from American Capital Asset Management, LLC ("ACAM" , a wholly-owned portfolio company of American Capital, Ltd. ("ACAS" (Nasdaq: ACAS). ACMM is the parent company of both American Capital AGNC Management, LLC ("AGNC Manager" , the external manager of AGNC, and American Capital MTGE Management, LLC ("MTGE Manager" , the external manager of American Capital Mortgage Investment Corp. ("MTGE" (Nasdaq: MTGE). The transaction was approved by a committee of AGNC's Board of Directors comprised of its independent directors (the "Special Committee" . Following the transaction, AGNC will be an internally-managed residential mortgage REIT. MTGE Manager will be an indirect subsidiary of AGNC and will continue to provide investment management services to MTGE on an external basis under the existing fee structure.
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07)
Ares Capital Corporation To Acquire American Capital, Ltd. In Transaction Valued At $3.4 Billion
PR Newswire - Mon May 23, 6:44AM CDT
Ares Capital Corporation (NASDAQ: ARCC) and American Capital, Ltd. (NASDAQ: ACAS) announced today that they have entered into a definitive merger agreement under which Ares Capital will acquire American Capital, excluding American Capital Mortgage Management, LLC. This transaction enhances Ares Capital's position as the leading business development company in the United States and a leading direct lender to middle market companies. The combined company would have on a pro forma basis more than $13 billion of investments at fair value as of March 31, 2016. The Boards of Directors of both companies have unanimously approved the transaction.
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), ARES: 17.26 (-0.09), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
American Capital Receives $97 Million from Sale of Portfolio Company The Meadows and Generates a 28% Equity Return on Its Investment
PR Newswire - Fri May 20, 12:00PM CDT
American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" announced today that its portfolio company MW Acquisition Corporation ("The Meadows" or the "Company" was sold to Alita Care, LLC, a portfolio company of private equity firm Kohlberg & Company, L.L.C. American Capital received $97 million in proceeds, subject to post-closing adjustments. Over the life of the investment, American Capital realized 2.6 times its equity investment and generated a 28% compounded annual return on equity. American Capital's compounded annual rate of return earned on its debt and equity securities over the life of its investment was 22%, including dividends, interest, realized gains and fees.
ACAS: 16.50 (+0.03), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
mREITs' Q2 Earnings to Watch on Aug 2: EARN, JCAP & More
Zacks Equity Research - Zacks Investment Research - Mon Aug 01, 7:19AM CDT
Some mREITs which are slated to report June quarter-end results on Aug 2 are Ellington Residential Mortgage REIT (EARN), Jernigan Capital, Inc. (JCAP), MFA Financial, Inc. (MFA), New Residential Investment Corp. (NRZ) and New York Mortgage Trust Inc. (NYMT).
EARN: 14.43 (+0.29), MFA: 7.59 (+0.07), AGNC: 19.66 (+0.07), JCAP: 15.79 (+0.03), NRZ: 13.65 (-0.02), CMO: 10.05 (+0.10), NYMT: 6.55 (+0.01)
mREITs' Q2 Earnings to Watch on Aug 1: MTGE, ANH, AJX, RSO
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 7:37AM CDT
Some mREITs which are slated to report June quarter-end results on Aug 1 are American Capital Mortgage Investment Corp. (MTGE), Anworth Mortgage Asset Corporation (ANH), Great Ajax Corp (AJX) and Resource Capital Corp. (RSO).
RSO: 13.64 (+0.03), ANH: 4.96 (+0.04), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07), AJX: 13.97 (+0.12)
American Capital (AGNC) Beats on Q2 Earnings, Up Q/Q
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 2:43PM CDT
American Capital Agency Corp. (AGNC) reported second-quarter 2016 net spread and dollar roll income of 56 cents per share (excluding estimated "catch-up" premium amortization benefit) that beat the Zacks Consensus Estimate of 51 cents.
CIM: 16.91 (+0.13), AGNC: 19.66 (+0.07), RWT: 14.36 (+0.09), AJX: 13.97 (+0.12)
American Capital Agency Corp. Declares Monthly Common Stock Dividend of $0.18 per Common Share for August 2016
PR Newswire - Wed Jul 27, 3:01PM CDT
American Capital Agency Corp. ("AGNC" or the "Company"
(Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for August 2016. The dividend is payable on September 9, 2016 to common stockholders of record as of August 31, 2016, with an ex-dividend date of August 29, 2016. AGNC: 19.66 (+0.07)
American Capital Agency Corp. Reports $0.73 Comprehensive Income Per Common Share And $22.22 Net Book Value Per Common Share
PR Newswire - Wed Jul 27, 3:01PM CDT
American Capital Agency Corp. ("AGNC" or the "Company"
(Nasdaq: AGNC) today reported comprehensive income for the second quarter of 2016 of $0.73 per common share and net book value of $22.22 per common share. Economic return for the period, defined as dividends per common share and the change in net book value ("NAV" per common share, was 3.3% for the quarter, or 13.3% on an annualized basis. AGNC: 19.66 (+0.07)
mREITs' Q2 Earnings to Watch on Jul 27: AGNC and CMO
Zacks Equity Research - Zacks Investment Research - Tue Jul 26, 7:30AM CDT
Important mREITs which are slated to report their Apr-Jun quarter results on Jul 27 are American Capital Agency Corp. (AGNC) and Capstead Mortgage Corp. (CMO).
AGNC: 19.66 (+0.07), CMO: 10.05 (+0.10)
Downgrade Alert for American Capital Agency (AGNC)
Comtex SmarTrend(R) - Tue Jul 19, 3:06AM CDT
American Capital Agency (NASDAQ:AGNC) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $19.21 on volume of 1.8 million shares, below average daily volume of 2.7 million. American Capital Agency share prices have moved between a 52-week high of $20.93 and a 52-week low of $15.69 and closed yesterday at 22% above that low price at $19.21 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
AGNC: 19.66 (+0.07)
Annaly (NLY) Closes $1.5B Acquisition of Hatteras Financial
Zacks Equity Research - Zacks Investment Research - Wed Jul 13, 5:19AM CDT
Annaly Capital Management, Inc. (NLY) has closed the previously announced acquisition of Winston Salem, NC-based mREIT, Hatteras Financial Corp. for $1.5 billion.
HASI: 22.81 (+0.32), NLY: 11.06 (+0.08), AGNC: 19.66 (+0.07), RWT: 14.36 (+0.09)
American Capital Agency Corp. Declares Monthly Common Stock Dividend of $0.20 per Common Share for June 2016 and Announces Estimated Net Book Value of $22.36 per Common Share as of May 31, 2016
PR Newswire - Mon Jun 13, 3:01PM CDT
American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company"
announced today that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for June 2016. The dividend is payable on July 8, 2016 to common stockholders of record as of June 30, 2016, with an ex-dividend date of June 28, 2016. AGNC: 19.66 (+0.07)
KBW Announces Index Rebalancing for Second-Quarter 2016
BusinessWire - Fri Jun 10, 8:00PM CDT
Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for second quarter of 2016.
SF: 35.12 (-0.23), AGNC: 19.66 (+0.07)
Milberg LLP Announces Investigation of Board of Directors' Decision to Sell American Capital, Ltd. to Ares Capital Corporation
PR Newswire - Tue May 31, 4:20PM CDT
Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law in connection with the proposed acquisition of American Capital, Ltd. (ACAS) ("American Capital" or the "Company"
to Ares Capital Corporation (ARCC) ("Ares" . ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), AGNC: 19.66 (+0.07)
American Capital Agency Corp. to Present at KBW Mortgage Finance Conference
PR Newswire - Thu May 26, 2:00PM CDT
American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company"
announced today that Gary Kain, Chief Executive Officer, President and Chief Investment Officer, is scheduled to participate in a discussion at the KBW Mortgage Finance Conference in New York City on Wednesday, June 1, 2016 at 11:20 am ET. The presentation will be webcast live and archived on the AGNC website in the Investor Relations section at http://ir.agnc.com. AGNC: 19.66 (+0.07)
American Capital Agency (AGNC) to Buy Its External Manager
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:28AM CDT
American Capital Agency (AGNC) has inked a deal to acquire its external manager American Capital Mortgage Management.
ACAS: 16.50 (+0.03), TWO: 8.80 (+0.05), AGNC: 19.66 (+0.07), CMO: 10.05 (+0.10)
American Capital to Sell Operations; Moody's Upgrade Likely
Zacks Equity Research - Zacks Investment Research - Tue May 24, 8:00AM CDT
Putting an end to all speculations about possible sale or restructuring, American Capital, Ltd. (ACAS) announced the sale of operations for $4 billion through two separate deals
ACAS: 16.50 (+0.03), GS: 158.18 (-0.63), ARCC: 15.29 (+0.15), AGNC: 19.66 (+0.07)
Upgrade Alert for American Capital Agency (AGNC)
Comtex SmarTrend(R) - Tue May 24, 3:13AM CDT
American Capital Agency (NASDAQ:AGNC) was upgraded from Hold to Buy at Wunderlich today. The stock closed yesterday at $19.17 on volume of 7.7 million shares, above average daily volume of 2.7 million. American Capital Agency share prices have moved between a 52-week high of $20.93 and a 52-week low of $15.69 and closed yesterday at 22% above that low price at $19.17 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.12% higher over the past week, respectively.
AGNC: 19.66 (+0.07)
Ares Capital Corporation to Acquire American Capital, Ltd in Transaction Valued at $3.4 Billion
BusinessWire - Mon May 23, 6:51AM CDT
--In a separate transaction, American Capital announced the sale of American Capital Mortgage Management, LLC to American Capital Agency Corp. for $562 million
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), ARES: 17.26 (-0.09), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
American Capital Mortgage Investment Corp. Announces The Signing Of Definitive Documentation Related To The Acquisition Of Its External Manager By American Capital Agency Corp. And Changes To Its Board Of Directors
PR Newswire - Mon May 23, 6:48AM CDT
American Capital Mortgage Investment Corp. ("MTGE" or the "Company"
(Nasdaq: MTGE) today announced that American Capital Agency Corp. ("AGNC" (Nasdaq: AGNC) has entered into a definitive transaction agreement to acquire MTGE's external manager, American Capital MTGE Management, LLC ("MTGE Manager" from American Capital Asset Management, LLC ("ACAM" , a wholly-owned portfolio company of American Capital, Ltd. ("ACAS" . Under the terms of the transaction agreement, AGNC will acquire American Capital Mortgage Management, LLC ("ACMM" , which is the parent company of MTGE Manager. Following the closing of the transaction, MTGE Manager, as an indirect subsidiary of AGNC, will continue to provide investment management services to MTGE on an external basis under the existing fee structure. AGNC intends to retain ACMM's current employee base, including its management, agency and non-agency investment, operations, accounting, and treasury personnel following the transaction. ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07)
American Capital Agency Corp. to Acquire Its External Manager
PR Newswire - Mon May 23, 6:47AM CDT
American Capital Agency Corp. ("AGNC" or the "Company"
(Nasdaq: AGNC) today announced that it has entered into a definitive transaction agreement to acquire American Capital Mortgage Management, LLC ("ACMM" from American Capital Asset Management, LLC ("ACAM" , a wholly-owned portfolio company of American Capital, Ltd. ("ACAS" (Nasdaq: ACAS). ACMM is the parent company of both American Capital AGNC Management, LLC ("AGNC Manager" , the external manager of AGNC, and American Capital MTGE Management, LLC ("MTGE Manager" , the external manager of American Capital Mortgage Investment Corp. ("MTGE" (Nasdaq: MTGE). The transaction was approved by a committee of AGNC's Board of Directors comprised of its independent directors (the "Special Committee" . Following the transaction, AGNC will be an internally-managed residential mortgage REIT. MTGE Manager will be an indirect subsidiary of AGNC and will continue to provide investment management services to MTGE on an external basis under the existing fee structure. ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07)
Ares Capital Corporation To Acquire American Capital, Ltd. In Transaction Valued At $3.4 Billion
PR Newswire - Mon May 23, 6:44AM CDT
Ares Capital Corporation (NASDAQ: ARCC) and American Capital, Ltd. (NASDAQ: ACAS) announced today that they have entered into a definitive merger agreement under which Ares Capital will acquire American Capital, excluding American Capital Mortgage Management, LLC. This transaction enhances Ares Capital's position as the leading business development company in the United States and a leading direct lender to middle market companies. The combined company would have on a pro forma basis more than $13 billion of investments at fair value as of March 31, 2016. The Boards of Directors of both companies have unanimously approved the transaction.
ACAS: 16.50 (+0.03), ARCC: 15.29 (+0.15), MTGE: 16.47 (+0.11), ARES: 17.26 (-0.09), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
American Capital Receives $97 Million from Sale of Portfolio Company The Meadows and Generates a 28% Equity Return on Its Investment
PR Newswire - Fri May 20, 12:00PM CDT
American Capital, Ltd. (Nasdaq: ACAS) ("American Capital"
announced today that its portfolio company MW Acquisition Corporation ("The Meadows" or the "Company" was sold to Alita Care, LLC, a portfolio company of private equity firm Kohlberg & Company, L.L.C. American Capital received $97 million in proceeds, subject to post-closing adjustments. Over the life of the investment, American Capital realized 2.6 times its equity investment and generated a 28% compounded annual return on equity. American Capital's compounded annual rate of return earned on its debt and equity securities over the life of its investment was 22%, including dividends, interest, realized gains and fees. ACAS: 16.50 (+0.03), MTGE: 16.47 (+0.11), AGNC: 19.66 (+0.07), ACSF: 10.37 (-0.02)
