Company Profile For Allied Capital Corporation

Allied Capital Corporation (ALD.N) (New York Stock Exchange)
sector: Financials · industry: Investment Trusts ·
As of  27 Nov 2009
3.45USD
Price Change
-0.12
Percent Change
-3.36%
 
 
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Overview

Allied Capital Corporation (ACC) is a closed-end, non-diversified management investment company that operates as a business development company. The Company’s investment objective is to achieve current income and capital gains. The Company is engaged in private equity business. The Company primarily invests in debt and equity securities of private companies in a variety of industries. From time to time, it may invest in companies that are public but lack access to additional public capital. At December 31, 2008, the Company’s private finance portfolio included investments in 138 companies. In addition to managing its own assets, the Company manages certain funds that also invest in the debt and equity securities of primarily private middle-market companies in a variety of industries. It may invest in the equity of these funds, along with other third parties. The Company is internally managed.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Allied CapitalCorporation's revenues fell 37% to $252.3MM. Net loss increased 12% to $517.4M. Revenues reflect decreased income from interest & dividend and lower fees & other income. Net loss also reflects increased interest expense and the presence of impairment of long-lived asset. Allied Capital Corporation's is a business development company in long-term debt and equity capital.

Company Address

Allied Capital Corporation
1919 Pennsylvania Avenue,
N.W.
Washington   DC   20006
P: +1202.7216100
F: +1202.6592053

Total Employees

112

Find Out More About ALD.N

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