Main Street Capital Investor Day Presentation Deck
At-The-Market (ATM) Equity Program
ATM Equity Program
provides efficient and low
cost access to equity
capital
●
Provides access to
equity capital to match
growth of LMM
investments on an as-
needed basis
Provides significant
economic cost savings
compared to traditional
overnight equity
offerings
Provides permanent capital to match indefinite or long-term
holding period for LMM investments
Facilitates maintenance of conservative leverage position
Issued equity is accretive to NAV per share
Provides significant benefits vs traditional overnight equity
offerings
●
MAIN STI
CAPITAL CORPORATIONON
• Provides equity capital at significantly lower cost
●
Avoids negative impact to stock price from larger overnight equity offerings
●
●
Provides equity capital and liquidity on an as-needed basis, avoiding dilution
from larger overnight equity offerings
Raised net proceeds of $869.7 million since inception in 2015 (1)
Average sale price is approximately 62% above average NAV per share over
same period (1)
(1) Through March 31, 2023
(2) Assumes 6% all-in cost for traditional overnight equity offering
Main Street Capital Corporation
Resulted in economic cost savings of approximately $43.9 million when
compared to traditional overnight equity offering (1)(2)
NYSE: MAIN
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