Main Street Capital

Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street's investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides ''one-stop'' financing alternatives to its portfolio companies.

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Main Street Capital achieves record-breaking performance and plans new fund launch

Main Street Capital delivered record-breaking performance in Q4 2022, with strong full-year results and a focus on shareholder returns through dividends. Despite challenges in the investment pipeline and potential credit quality issues, the company remains optimistic about generating new opportunities and maintaining a conservative approach to leverage. Main Street's emphasis on asset management and private loan strategies positions them well for future growth.

Main Street Capital achieves record Q1 results and plans dividend growth

Main Street Capital's Q1 performance reflects financial strength and growth potential, supported by a diversified portfolio and effective financing solutions. While facing challenges from economic uncertainties and rising expenses, the company is well-positioned to capitalize on opportunities for dividend growth, portfolio expansion, and team development.

Main Street Capital achieves record Q2 performance and eyes strategic growth

Main Street Capital delivered strong financial performance in Q2 2023, setting new records in key metrics and demonstrating growth across its investment strategies.
While facing challenges such as increased expenses and potential investment volatility, the company remains focused on shareholder value and strategic growth initiatives.
Opportunities lie in expanding the private loan fund, increasing the lower middle market portfolio share, and leveraging the strong performance of portfolio companies.
Overall, Main Street Capital's Q2 performance and strategic outlook position the company well for continued growth and value creation for shareholders.

Main Street Capital reports strong Q3 performance and growth opportunities

Main Street Capital delivered a strong Q3 performance with a focus on strategic investments and positive operating performance from portfolio companies.
Challenges included lower-than-expected investment activity and specific operating performance issues leading to increased nonaccruals.
Opportunities lie in continued acquisition growth strategies, adjusting marks post-transaction closes, and capitalizing on positive sentiment from portfolio companies.

Main Street Capital achieves record Q4 results and eyes growth

Main Street Capital delivered exceptional Q4 2023 results, marked by record achievements in various financial metrics and strong shareholder value enhancement.
The company's focus on maintaining financial stability, providing liquidity options, and optimizing investment strategies positions it well for growth and resilience.
While challenges like managing leverage and portfolio quality persist, Main Street's opportunities for growth through debt financing, acquisitions, and external manager contributions are promising.

Main Street Capital achieves record returns and plans dividend growth

Main Street Capital delivered strong financial performance in Q1 2024, driven by record returns on equity, NAV per share, and investment income, supported by diversified strategies and asset management.
While facing challenges such as yield compression and cautious market segments, the company remains focused on leveraging opportunities in private loans, deal activities, and fund expansions for sustainable growth.
Maintaining a conservative leverage profile and emphasizing the value of its asset management business, Main Street aims to navigate market dynamics and deliver consistent shareholder value.
With a record high net asset value per share and plans for dividend increases, Main Street Capital demonstrates financial strength, strategic resilience, and a commitment to shareholder returns.

Main Street Capital reports robust Q2 performance and strategic growth plans

Main Street Capital's Q2 2024 performance reflects strong financial metrics and strategic decisions to enhance shareholder value. While facing challenges in nonaccruals and fee adjustments, the company is well-positioned to leverage growth opportunities in its investment pipelines. Overall, Main Street's focus on portfolio expansion and prudent financial management bodes well for its future.

Main Street Capital reports strong Q3 performance and dividend growth

Main Street Capital delivered robust financial results in Q3 2024, showcasing strong performance across investments and asset management.
While facing challenges such as increased operating expenses and varying investment pipelines, the company remains well-positioned with a conservative leverage profile and liquidity.
Opportunities lie in recommending future dividends, anticipated strong performance in Q4, and capitalizing on investment opportunities in the lower middle market.

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HOUSTON, Feb. 24, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Highlights Net investment income of $51.2 million (or $0.73 per share) Distributable net investment income(1) of $54.1 million (or $0.77 per share) Total investment income of $82.2 million An industry leading position in cost efficiency, with a ratio of total non-interest operating expenses as a percentage of quarterly average total assets ("Operating Expenses to Assets Ratio") of 1.7% on an annualized basis for the quarter Net increase in net assets resulting from operations of $94.3 million (or $1.34 per share) Return on equity(2) of 21.7% on an annualized basis for the quarter Net asset value of $25.29 per share at December 31, 2021, representing an increase of $1.02 per share, or 4.2%, compared to $24.27 per share at September 30, 2021 Declared monthly dividends totaling $0.645 per share for the first quarter of 2022, or $0.215 per share for each of January, February and March 2022, representing a 4.9% increase from the monthly dividends paid for the first quarter of 2021 and a 2.4% increase from the monthly dividends paid for the fourth quarter of 2021 Completed $316.3 million in total lower middle market ("LMM") portfolio investments, including investments totaling $225.0 million in six new LMM portfolio companies, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments resulted in a net increase of $209.7 million in total LMM portfolio investments Completed $380.4 million in total private loan portfolio investments, which after aggregate repayments of debt principal and return of invested equity capital from several private loan portfolio investments resulted in a net increase of $290.4 million in total private loan portfolio investments Net decrease of $16.4 million in middle market portfolio investments Fully exited portfolio company investments in J&J Services, Inc., realizing a gain of $11.0 million and resulting in annual internal rate of returns and times money invested returns of 59.2% and 2.5 times on its equity investments and 31.6% and 1.6 times on a cumulative basis since Main Street's initial investment in 2019, respectively, including all debt and equity investments in the company Exited its debt and equity investments in CAI Software, LLC, realizing a gain of $10.3 million and resulting in annual internal rate of returns and times money invested returns of 54.7% and 7.1 times on its equity investments and 16.9% and 1.5 times on a cumulative basis since Main Street's initial investment in 2014, respectively, including all debt and equity investments in the company Further diversified capital structure by issuing an additional $200.0 million of our existing 3.00% investment grade notes due 2026 at a premium, resulting in an effective annual cost of this additional debt of 2.6% Full Year 2021 Highlights Net investment income of $182.7 million (or $2.65 per share) Distributable net investment income(1) of $193.6 million (or $2.81 per share) Total investment income of $289.0 million An industry leading position in cost efficiency, with an Operating Expenses to Assets Ratio of 1.5% Generated net realized gains of $45.3 million, primarily resulting from the exits of six LMM portfolio companies and two private loan portfolio companies Net increase in net assets resulting from operations of $330.8 million (or $4.80 per share) Return on equity(2) of 20.3% Net asset value of $25.29 per share at December 31, 2021, representing an increase of $2.94 per share, or 13.2%, compared to $22.35 per share at December 31, 2020 Paid monthly dividends totaling $2.475 per share, increased from $2.460 in 2020 Paid a supplemental dividend totaling $0.10 per share, resulting in total dividends paid of $2.575, or an increase of 4.7% compared to 2020 Completed $560.8 million in total LMM portfolio investments, including investments totaling $351.8 million in 12 new LMM portfolio companies, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments resulted in a net increase of $348.6 million in total LMM portfolio investments Completed $735.7 million in total private loan portfolio investments, which after aggregate repayments of debt principal and exits of equity investments from several private loan portfolio investments resulted in a net increase of $370.3 million in private loan portfolio investments Net decrease of $51.6 million in middle market portfolio investments Further diversified capital structure and enhanced liquidity by (i) amending our revolving credit facility ("Credit Facility") to increase the total commitments from $780.0 million to $855.0 million and extended the maturity date to April 2026, (ii) issuing in January $300.0 million of investment grade 3.00% notes due July 2026 (the "3.00% Notes") and (iii) issuing an additional $200.0 million of 3.00% Notes in October at a premium, resulting in an effective annual cost of these additional 3.00% Notes of 2.60% per year In commenting on Main Street's results, Dwayne L.

MAIN STREET ANNOUNCES 2021 FOURTH QUARTER AND ANNUAL RESULTS

HOUSTON, Feb. 24, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.215 per share for each of April, May and June 2022.  These monthly dividends, which will be payable pursuant to the table below, total $0.645 per share for the second quarter of 2022, represent a 4.9% increase from the regular monthly dividends paid for the second quarter of 2021 and are consistent with the regular monthly dividends declared for the first quarter of 2022.

Main Street Announces Second Quarter 2022 Regular Monthly Dividends and Supplemental Dividend Payable in March 2022

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Main Street has started to pay special dividends again.

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MAIN is considered a best-of-breed BDC currently yielding around 6% and will be announcing Q4 results soon. MAIN provided preliminary Q4 results and portfolio activity which is discussed in this update and will have an impact on dividends.

Best-Of-Breed BDC About To Report A Strong Quarter: Main Street Capital

Main Street Capital (MAIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Main Street Capital (MAIN)

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Upcoming Ex-Dividend Dates: January 27-February 9, 2022

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MAIN's monthly dividends are stable, supported by a 9.7% weighted average cash yield and periodic realized capital gains.

Main Street's Monthly Dividend Protection From Market Volatility

MAIN's performance would be difficult even for a skeptic to ignore but with the price that is so high, it's difficult to be a bull.

Main Street Capital: One Of Those Stocks You Pray Will Drop So You Can Buy More

HOUSTON, Jan. 19, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the fourth quarter of 2021, the tax treatment of its 2021 dividends and its fourth quarter and full year 2021 earnings release and conference call schedule.  Main Street is providing this update to our stakeholders on our fourth quarter 2021 operating results since the year-end financial reporting cycle includes an extra month between the reporting of our results for the third quarter in early November 2021 and the scheduled reporting of our results for the fourth quarter and full year 2021 in late February 2022.

Main Street Announces Preliminary Estimate of Fourth Quarter 2021 Operating Results

HOUSTON, Jan. 11, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the fourth quarter of 2021, Main Street originated approximately $459.1 million in new commitments in its private loan portfolio across 17 new borrowers and funded total investments across its private loan portfolio with a cost basis totaling approximately $369.1 million.

Main Street Announces Fourth Quarter 2021 Private Loan Portfolio Activity

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MAIN yields 5.75% and pays monthly. It's internally managed, with a lower percent of operating expenses than BDC averages.

Main Street Capital: 5.75% Dividend Yield, Monthly Payer

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We provide a summary of upcoming ex-dividend dates in a quick reference table.

Upcoming Ex-Dividend Dates: December 30-January 7, 2022

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HOUSTON, Dec. 21, 2021 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently exited its debt and equity investments in CAI Software, LLC ("CAI" or the "Company") upon the recapitalization of CAI to a technology-focused financial acquirer.  Founded in 1978 and headquartered in Smithfield, Rhode Island, CAI is a leader in the delivery of mission-critical enterprise resource planning (ERP), manufacturing execution systems (MES), and warehouse management systems (WMS) software and related services with industry expertise in niche sectors including seafood and other food processing and distribution, millwork, lumber and other building materials, precious metal refining and jewelry manufacturing.

Main Street Announces Exit of Portfolio Investment

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Upcoming Ex-Dividend Dates: December 21-January 3, 2021

HOUSTON, Dec. 16, 2021 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) (" Main Street ") is pleased to announce that it recently completed a new portfolio investment to provide growth capital financing and facilitate the minority recapitalization of Johnson Downie, LLC (" Johnson Downie " or the " Company "), a provider of lateral partner placements to law firms across Texas. Main Street, along with its co-investor, partnered with the Company's existing owner and management team to facilitate the transaction, with Main Street funding $14.6 million in a combination of first-lien, senior secured term debt and a direct minority equity investment.

Main Street Announces New Portfolio Investment Invests $14.6 Million in Johnson Downie, LLC

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News for Main Street Capital Stock (MAIN)