Special Dividend

9 Months Ended

Sep. 30, 2013

Special Dividend

Special Dividend

Note 5—Special Dividend

On June 13, 2013, the Company’s Board of Directors declared a one-time special cash dividend (the “Special Dividend”) of $9.00 per share payable on each Common Share to stockholders of record at the close of business on July 1, 2013 (the “Dividend Record Date”). Based on the 52,237,055 shares of common stock outstanding on the Dividend Record Date, the dividend totaled $470.1 million and was paid to stockholders on July 9, 2013. The dividend reduced additional paid-in capital as the Company did not have retained earnings. With the exception of the Special Dividend, Advent has not historically declared any cash dividends and currently has no plans to pay cash dividends in the future.

The Company financed the Special Dividend with cash, cash equivalents and marketable securities as well as borrowings under its Restated Credit Agreement. Refer to Note 10, “Debt” for additional information about the Company’s Restated Credit Agreement.