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 to by law.
An archive of this presentation will be available on our website, and the telephone recording can be accessed through August 16th by dialing 877-344-7529. The replay pass-code is 10015824.
To view the Q2 slide presentation that corresponds with this call, turn to our website, at www.americancapital.com, and click on the “Q2 2012 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 Calls” section to view the streaming slide presentation during the call.
Participating on today’s call are Malon Wilkus, Chairman and Chief Executive Officer; John Erickson, President, Structured Finance and Chief Financial Officer; Gordon O’Brien, President, Specialty Finance and Operations; Sam Flax, Executive Vice President and General Counsel; Rich Konzmann, Senior Vice President, Accounting and Reporting; Tom McHale, Senior Vice President, Finance.
With that, I’ll turn the call over to Malon.
Thanks, Pete. Welcome, everyone, to our second quarter earnings conference call. And before I take you through our slides, I’d like to comment on the overall performance of our various business lines and capital management.
The performance of our portfolio companies and the diversity of our business lines and our focus on after-tax shareholder returns continued to increase shareholder value. We, like the market, were worried that we would underperform this quarter, because European Capital would be impacted by the volatility and stresses of the European markets and economy.
However, I am pleased to report that despite these pressures, which caused depreciation of our investment in European Capital, the overall performance of our aggregate business lines was quite good in the second quarter. This coupled with our capital management strategies leaves us well positioned for the second half of 2012.