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APEI Announces Limited Distribution of APEI Shares by ABS Capital Partners.

Publication: Business Wire
Publication Date: 22-AUG-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHARLES TOWN, W.Va. -- American Public Education, Inc. (NASDAQ: APEI) - parent company of online learning provider American Public University System, which operates through American Military University and American Public University - announced today that it has been informed by its largest shareholder, ABS Capital Partners, that the shareholder is undertaking a limited distribution of 400,000 shares to its partners.

CEO Wally Boston commented that: "ABS Capital Partners informed us today that they are taking this action, which is intended to bring their ownership below 25% of the company and which under U.S. Department of Education regulations is deemed to be a...

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