OREANDA-NEWS. American Capital, Ltd. (Nasdaq: ACAS) announced today that its Board of Directors has reset the date of its Annual Meeting of Shareholders to July 29, 2016 and that June 10, 2016 will be the record date for determining shareholders eligible to vote at the Annual Meeting. The Company had previously announced that June 30, 2016 would be the date of the meeting.  After the record date, the Company will distribute to all shareholders of record on that date a Notice of Annual Meeting and Proxy Statement, which will set forth the time of day and place of the meeting and will include information on matters to be voted upon at the meeting.    

The Company noted that the American Capital Board of Directors has postponed the Annual Meeting in consideration of the Company's ongoing strategic review process. Due to the significant preliminary level of interest from strategic and financial prospective purchasers of the Company or certain of its business lines, the Board believes that, consistent with its goal of maximizing value for all shareholders, it is prudent to work to complete the upcoming phases of the process before the Annual Meeting schedule begins.

American Capital noted that there can be no assurance that the continuing strategic review process will result in a transaction or transactions and that it will not necessarily report further on the progress of the process.

American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager.  American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  American Capital manages $21 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $73 billion of total assets under management (including levered assets).  Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $10 billion of total net book value.  American Capital and its affiliates operate out of seven offices in the U.S. and Europe.