American Capital Strategies announced that it will be acquiring all of the ordinary shares of European Capital held by other investors. European Capital shareholders will be getting about 1/3 of ACAS share in exchange for their stock. Furthermore ACAS announced that it won't pay any more dividends for the remainder of 2008.
This doesn't really come as a shock to me as ACAS stock price has been falling for several months after I considered it a must own dividend stock and bought some shares in this business development company. With the stock being off over 40% as of now I guess I should have sold at the open if I had seen the news earlier. Anyways I am planning on selling my ACAS position.
Disclosure: Long ACAS
Popular Posts
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me monitor the dividend growth inv...
-
I review the list of dividend increases as part of my monitoring process. This exercise is one of the steps to check on existing holdings. I...
-
The human mind cannot comprehend the power of compounding. Imagine that you retired in 1985 with $100,000 and a paid off home. You invested...
-
I review the list of dividend increases every week as part of my monitoring process. Dividend increases provide very good signaling power. T...
-
I review the list of dividend increases every single week, as part of my monitoring process. This exercise helps visualize what key drivers ...
-
You've probably seen this chart, comparing the returns of the "average investor" to that of various other asset classes. The c...
-
I track the dividend investing universe for dividend increases every single week. This exercise helps me monitor existing holdings, and pote...
-
Dividends have historically accounted for 33% - 40% of historical annual total returns. This is the beauty of averages however. During long...
-
Some of the best companies in the world are part of the Dividend Aristocrats list, published by S&P. Corporations that have consistently...
-
The NASDAQ US Broad Dividend Achievers Select Index is comprised of a select group of securities with at least ten consecutive years of incr...
