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Article: American Capital Receives Cash Proceeds of $22 Million from Sale of Corrpro Companies.
- Article from:
- PR Newswire
- Article date:
- April 14, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BETHESDA, Md., April 14 /PRNewswire-FirstCall/ -- American Capital Ltd. announced today that in the first quarter of 2009 it received cash proceeds of $22 million from the sale of its portfolio company Corrpro Companies Inc. to a wholly-owned subsidiary of Insituform Technologies Inc. , realizing a gain of $6 million. Including investments in Corrpro by American Capital's affiliated funds under management, total inception to date realized gains and dividends received were $9 million. American Capital's compounded annual rate of return, including interest, dividends and fees earned over the life of its investment was 21%. The proceeds received by American Capital were ...
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