, /PRNewswire/ -- (Nasdaq: ACAS) ('' or the 'Company') announced today that in the fourth quarter of 2015 it made open market purchases of approximately 20.7 million shares of common stock, or 8.0% of the Company's outstanding shares as of , under its stock buyback program (the 'Program'). The shares were purchased at an average price of per share, totaling approximately .

On , announced that its Board of Directors revised and expanded the Program by increasing it to a range of from the prior range of . Under the Program, purchases will only be made at per share prices below 85% of the Company's net asset value per share as of and will be subject to certain other conditions. On , the Company announced that it had entered into a Rule10b5-1 trading plan to undertake accretive share repurchases up to the limits of the Program. The Company has purchased a total of MM under this program and expects to complete the Program by , 2016.

Since began stock buybacks in through , made open market purchases of 138.5 million shares or 40% of shares outstanding as of , for an aggregate of , of common stock at an average price of per share.

ABOUT AMERICAN CAPITAL
 (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. , 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. manages of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with of total assets under management (including levered assets). Through a wholly-owned affiliate, manages publicly traded (Nasdaq: AGNC), (Nasdaq: MTGE) and (Nasdaq: ACSF) with approximately of total net book value. From its eight offices in the U.S., and , and its wholly-owned affiliate, , will consider investment opportunities from . For further information, please refer to www.AmericanCapital.com.

This press release contains forward-looking statements. The statements regarding expected results of are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which has made investments.

Contact: Investor Relations (301) 951-5917

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American Capital Ltd. issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 13:55:17 UTC

Original Document: http://ir.americancapital.com/phoenix.zhtml?c=109982&p=irol-newsArticle&ID=2125803