Main Street Capital Investor Day Presentation Deck
Retention of Future Realized Gains / Supplemental Dividends
MAIN plans to retain future
realized gains for
reinvestment
Main Street Capital Corporation
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Current plan is to retain capital from realized gains on our equity
investments for future reinvestment purposes (as opposed to
paying these realized gains out as supplemental dividends) as
another tool to maintain conservative leverage
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MAIN ST
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CAPITAL CORPORATION
We expect to recommend that our Board declare future
Supplemental Dividends only to the extent Distributable Net
Investment Income (DNII) significantly exceeds monthly
dividends paid in future quarters
Supplemental Dividends, if any, would be at a discount to actual excess
earnings
LMM portfolio continues to perform at a very high level, providing
opportunity for additional realized gains in the future
Any Supplement Dividends would also be in arrears on a quarterly
basis, providing additional flexibility
NYSE: MAIN
In March 2023, MAIN declared its largest and seventh consecutive
quarterly supplemental dividend to be paid in June 2023, with this
supplemental dividend representing only 57% of the DNII in excess of
the monthly dividend for the first quarter of 2023
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