APEI Announces Limited Distribution of APEI Shares by ABS Capital Partners

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 change in ownership and control requiring review by the Department in order for APUS to reestablish eligibility and continue participation in the federal student financial aid programs. As... [read full story]