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Elliott Announces Stake in American Capital

NEW YORK--(BUSINESS WIRE)--Elliott Management Corporation (“Elliott”), which manages funds that hold an approximately 8.4% interest in American Capital, Ltd. (NASDAQ: ACAS) (the “Company” or “ACAS”), today filed a presentation with the SEC urging ACAS stockholders to vote AGAINST the Company’s spin-off proposal (the “Proposal”). Elliott has also created a website, www.BetterACAS.com, where ACAS stockholders and other interested parties can view the presentation and other materials regarding the Proposal’s details and implications. In conjunction with this filing, Elliott sent the following letter to the Board of American Capital: