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Security Profile
Security's distribution is suspended.
- Security Type
- Business Development Company
- CUSIP
- 01903Q108
- Market Cap
- Large Cap · $4 Billion
- Previous Symbol
- ALLC (changed 6/6/2001)
- Parent Company
- Allied Capital Corp. (ARCC)
Business: Allied Capital Corporation, a leading business development company with total assets of more than $4 billion, has paid regular, quarterly cash dividends to shareholders since 1963. Since its IPO in 1960, Allied Capital has provided long-term debt and equity financing to thousands of middle market companies. Allied Capital invests in the American entrepreneurial economy by providing capital to companies seeking a long-term financial partner and access to managerial resources often unavailable to smaller companies. In serving its shareholders, Allied Capital helps build middle market businesses and support American jobs. At December 31, 2006, the Company's private finance portfolio included investments in 145 companies that generate aggregate revenues of over $13 billion and employ more than 90,000 people. Allied Capital provides flexible, competitive debt and equity capital for management and sponsor-led buyouts, recapitalizations, acquisitions and growth of middle market companies. Allied Capital's seamless, one-stop financing capabilities include first and second lien senior loans, unitranche debt, junior or mezzanine debt and equity.
Headquartered in Washington, DC, Allied Capital offers shareholders the opportunity to participate in the private equity industry through an investment in the Company's New York Stock Exchange-listed stock, which is traded under the symbol ALD.
Notes: On April 1, 2010, Allied Capital Corporation completed its merger with ARCC Odyssey Corp., a wholly owned subsidiary of Ares Capital Corporation, whereby Merger Sub merged with and into the Company with the Company continuing as the surviving corporation in the Merger, and immediately thereafter, the Company merged with and into Ares Capital, with Ares Capital as the surviving entity in such merger. The Merger was effected pursuant to an Agreement and Plan of Merger, dated as of October 26, 2009, as amended, by and among the Company, Ares Capital and Merger Sub. As a result of the Merger, the Company has ceased to exist as a separate corporation. The Board of Directors of the Company declared a special dividend of $0.20 per share payable to the Company's stockholders of record on March 26, 2010. The dividend was funded at the closing of the Merger and will be disbursed promptly afterwards. Pursuant to the terms of the Merger Agreement, upon the consummation of the Merger each outstanding share of the Company's common stock, $0.0001 par value per share, was converted into the right to receive 0.325 shares of Ares Capital common stock. In connection with the consummation of the Merger, the Company notified the New York Stock Exchange (the "NYSE") on April 1, 2010 that each outstanding share of Common Stock was converted in the Merger into the right to receive 0.325 shares of Ares Capital common stock and requested that the NYSE file with the Securities and Exchange Commission a notification of removal from listing on Form 25 to report that the shares of Common Stock are no longer listed on the NYSE.
Company Contact
- CEO
- William L. (Bill) Walton
- CFO
- Penni F. Roll
- Headquarters
- 1919 Pennsylvania Avenue NW, Washington, DC 20006
- Phone
- 202-721-6100 · Toll-Free 888-818-5298
- Fax
- 202-721-6101
- Investor Relations
- Dale Lynch · 888-818-5298 · ir@alliedcapital.com