D3 Family Fund buys more than 460,000 shares of Asset Acceptance

By Lisa Kerner

Charlotte, N.C., July 2 - D3 Family Fund, LP and its affiliates increased their ownership interest in Asset Acceptance Capital Corp. to 14.8%, from 13.3% on May 21, with the purchase of 469,254 shares of the company's stock, according to a schedule 13D filing with Securities and Exchange Commission.

The shares were acquired between June 9 and July 1 priced from $12.08 to $12.60 each, the filing stated.

The investors beneficially own approximately 4.53 million shares of the company's outstanding stock.

In a prior SEC filing, D3 Family Fund reported the purchase of 536,097 shares of Asset Acceptance between May 7 and May 19 priced from $11.96 to $12.60 each.

Asset Acceptance is a Warren, Mich.-based purchaser and collector of charged-off consumer debt.

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