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  "documentTitle": "American Capital, Ltd. (ACAS)",
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  "authorName": "Elliott",
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  "presentationDate": "2015-11-16 00:00:00",
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  "notes": "Uses TICC as a precedent case for the inability to monetize management contracts.",
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      "text": "ACAP Management Contract Income Stream will be Vulnerable",
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      "kind": "disclaimer",
      "text": "(1) ACAM is the initial manager of ACAP post spin-out",
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      "text": "ACAP Management Contract Income Stream will be Vulnerable\nLimited strategic options for ACAM\nACAP management contract terminable on 60-day notice\nACAP management contract will automatically terminate on change of control\nMajority of the ACAP Board and Shareholders have to approve any new manager\nACAM will be unable to monetize ACAP management contract (similar situation as TICC)",
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      "text": "Value of BDC Management Business will be Permanently Impaired",
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