D3 Family Fund buys more than 536,000 shares of Asset Acceptance

By Lisa Kerner

Charlotte, N.C., May 21 - D3 Family Fund, LP and its affiliates increased their ownership interest in Asset Acceptance Capital Corp. to 13.3% from 11.5% with the purchase of 536,097 shares of the company's stock, according to a schedule 13D filing with Securities and Exchange Commission.

The shares were acquired between May 7 and May 19 priced from $11.96 to $12.60 each, the filing stated.

The investors beneficially own 4.06 million shares of the company's outstanding stock.

On May 1, investors led by D3 Family Fund reported the purchase of 602,009 shares of Asset Acceptance between March 31 and April 30 priced from $9.53 to $11.94 each, a prior SEC filing said.

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

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