I AGREE!!! I have held ACAS in my portfolio for about 8 years and I am considering adding to my position at about $32.00. This company is really a "hedge fund (or 'private'equity fund)" in disguise and adds nice diversification to any equity portfolio. Even if the dividend is cut in half (it won't be), it would still yield 6.25% at 32 bucks. Also, there is so much short interest, ACAS should rally on any good news.
I have to agree, I bought ACAS 4 years ago and was very nervous about the BDC model and paying consistent dividends when the income was very volatile based on timing of cashing out of these companies at a gain. I did a lot of due diligence and these guys track record is just to good and consistent to doubt - after being public since 1997 and perhaps more so as a private concern.