American Capital LTD (ACAS)

[Prudent Capitalist]

Bingo! Great news! ACAS bought back another 8.8% of its outstanding shares!!

BETHESDA, Md., April 1, 2016 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today that in the first quarter of 2016 it made open market purchases of approximately 21.2 million shares of American Capital common stock, or 8.8% of the Company's outstanding shares as of December 31, 2015, under its stock buyback program (the "Program"). The shares were purchased at an average price of $13.96 per share, totaling approximately $296.5 million.