United Capital Announces Preliminary Results of its Tender Offer; 3.6M Shares at $30/Share

United Capital Corp. AFP announced today the preliminary results of its tender offer to purchase up to 3,600,000 shares of its common stock at a price of $30 per share (net to the seller in cash, without interest), which expired at 5:00 p.m., New York City time, on July 25, 2011. Based on the preliminary count by Continental Stock Transfer & Trust Company, the Depositary for the tender, approximately 3,380,000 shares of common stock were properly tendered and not withdrawn, including approximately 18,000 shares that were tendered through notice of guaranteed delivery. Since the tender offer was not fully subscribed, no proration is required and all shares properly tendered and not withdrawn will be accepted for purchase. As such, United Capital expects to accept for purchase an aggregate of approximately 3,380,000 shares of its common stock, at a purchase price of $30 per share, for a total cost of approximately $101.4 million, excluding fees and expenses related to the tender. Following consummation of the tender offer, United Capital expects to have approximately 7.4 million shares of common stock outstanding.