Main Street Capital Fixed Income 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
Issued equity is accretive to NAV per share
Provides permanent capital to match indefinite or long-term
holding period for LMM investments
Facilitates maintenance of conservative leverage position
ā
MAIN ST
Provides significant benefits vs traditional overnight equity
offerings
CAPITAL CORPORATION
Provides equity capital and liquidity on an as-needed basis, avoiding dilution
from larger overnight equity offerings
Provides equity capital at significantly lower cost
Avoids negative impact to stock price from larger overnight equity offerings
(1) Through June 30, 2023
(2) Assumes 6% all-in cost for traditional overnight equity offering
Main Street Capital Corporation
Raised net proceeds of $912.8 million since inception in 2015 (1)
Average sale price is approximately 61% above average NAV per share
over same period (1)
NYSE: MAIN
Resulted in economic cost savings of approximately $46.1 million when
compared to traditional overnight equity offering(1)(2)
mainstcapital.com
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