http://www.morningstar.com/earnings/22120994-american-capital-ltd-acas-q4-2010.aspx

American Capital Ltd ACAS
Q4 2010 Earnings Call Transcript

Transcript Call Date 02/16/2011

Operator: Good morning, my name is Sarah and I will be your conference operator today. At this time, I would like to welcome everyone to the American Capital Fourth Quarter 2010 Shareholders Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you.

Ms. Katie Wisecarver in Investor Relations, you may begin your conference.

Katie Wisecarver - IR: Thank you, Sarah. Thank you for joining American Capital's fourth quarter 2010 earnings call. Before we begin the call, I'd like to review the Safe Harbor statement. This conference call and corresponding slide presentation contains statements that to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

All such forward-looking statements are intended to be subject to the Safe Harbor protection provided by the Reform Act. Actual outcomes and results could differ materially from those forecast due to the impact of many factors beyond the control of American Capital.

All forward-looking statements included in this presentation are made only as of the date of this presentation and are subject to change without notice. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in our periodic reports filed with the Securities and Exchange Commission. Copies are available on the SEC's website at www.sec.gov. We disclaim any obligation to update our forward-looking statements unless required by law.

An archive of this presentation will be available on our website and the telephone recording can be accessed through March 2 by dialing 800-642-1687. The replay passcode is 37368950.

To view the Q4 slide presentation that corresponds with this call turn to our website americancapital.com, and click on the Q4 2010 earnings presentation link in the upper right hand corner of the homepage. Select the webcast option for both slides and audio, or click on the link in the conference call section to view the streaming slide presentation during the call. If you have any trouble with the webcast during the presentation, please hit F5 to refresh.

Participating on today's call are Malon Wilkus, Chairman and Chief Executive Officer; John Erickson, President, Structured Finance and Chief Financial Officer; Sam Flax, Executive Vice President and General Counsel; Rich Konzmann, Senior Vice President, Accounting and Reporting and Tom McHale, Senior Vice President of Finance.

With that, I will turn the call over to Malon Wilkus.

Malon Wilkus - Chairman and CEO: Thank you, Katie, and thanks everyone for joining us today for the 2010 shareholders call and the fourth quarter. I think, the quarter was pretty straight forward and so we're going to only touch on a few slides before we open it up to questions. I thought I would start off with something that probably most folks aren't aware of, and that is that last week American Capital celebrated its 25th anniversary, and we're able to celebrate also a very good year of 2010 and that we produced $1 billion of earnings for the year.

Read our Earnings Call Transcript disclaimer.
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