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MSC Income Fund Completes Follow-On Public Offering and Listing of its Shares on the New York Stock Exchange
Prnewswire· 2025-01-30 16:45
HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that MSC Income Fund, Inc. ("MSC Income"), an externally managed business development company ("BDC") for which Main Street's wholly owned registered investment adviser, MSC Adviser I, LLC ("MSC Adviser"), serves as the investment adviser and administrator, recently closed a follow-on public offering of 5,500,000 shares of its common stock at $15.53 per share and, in connection with the ...
MSCC(MAIN) - 2024 Q4 - Annual Results
2025-01-16 15:45
| | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 8-K __________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 9, 2025 __________________________________________________________________________ Main Street Capital Corporation (Exact name of re ...
Main Street Announces Preliminary Estimate of Fourth Quarter 2024 Operating Results
Prnewswire· 2025-01-16 12:00
Announces Federal Tax Treatment of 2024 Dividends Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule HOUSTON, Jan. 16, 2025 /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 2024, the federal tax treatment of its dividends paid in 2024 and its fourth quarter and full year 2024 earnings release and conference call schedule. In commenting on the ...
Main Street Capital: Continues To Outperform Peer BDCs But Is Expensive (Downgrade)
Seeking Alpha· 2025-01-09 18:32
Company Analysis - Main Street Capital (NYSE: MAIN) received a buy rating due to its strong dividend coverage, growth in earnings, and efficient portfolio strategy, which positions it to thrive as a business development company [2] - The company's portfolio strategy is highlighted as a key factor in its ability to deliver consistent performance and growth [2] Investment Strategy - A hybrid investment strategy combining growth and income, including dividend growth stocks, Business Development Companies (BDCs), REITs, and Closed-End Funds, is suggested as an efficient way to boost investment income while maintaining total returns comparable to the S&P 500 [2] - This strategy is designed to provide both income generation and long-term growth potential, appealing to investors seeking a balanced approach [2] Industry Insights - Business Development Companies (BDCs) like Main Street Capital are noted for their ability to deliver strong dividend coverage and earnings growth, making them attractive for income-focused investors [2] - The combination of BDCs with other income-generating assets such as REITs and Closed-End Funds is presented as a method to enhance portfolio diversification and income potential [2]
Main Street Announces Fourth Quarter 2024 Private Loan Portfolio Activity
Prnewswire· 2025-01-09 12:00
HOUSTON, Jan. 9, 2025 /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 2024, Main Street originated new or increased commitments in its private loan portfolio of $123.4 million and funded total investments across its private loan portfolio with a cost basis totaling $108.0 million. The following represent notable new private loan commitments and investments during the ...
Main Street Capital: Interest Rate Resilience Outside The 'Buy' Range
Seeking Alpha· 2025-01-09 11:02
Main Street Capital (NYSE: MAIN ) is an internally managed business development company providing financial solutions to businesses struggling to acquire traditional banking or public financing (especially in the form of debt and equity). Today, we will focus on MAIN's unique positionWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation t ...
Main Street Announces Exit of Portfolio Investment
Prnewswire· 2025-01-07 12:00
Generates $53.7 Million Realized Gain from Exit of Equity Investment in Pearl Meyer & Partners, LLC HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently fully exited its debt and equity investments in Pearl Meyer & Partners, LLC ("Pearl Meyer" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 1989, Pearl Meyer is the leading provider of executive compensation and ...
RESCUED PETS MOVEMENT SELECTED AS MAIN STREET CAPITAL CORPORATION'S CHARITY OF CHOICE FOR THE NYSE GLOBAL GIVING CAMPAIGN
Prnewswire· 2024-12-30 16:00
Partnership and Corporate Social Responsibility - Main Street Capital Corporation has selected Rescued Pets Movement Inc (RPM) as its charity of choice for the NYSE 2024 Global Giving Campaign [1] - Main Street Capital will provide financial support and volunteer resources to RPM as part of its corporate social responsibility initiatives [2] - Main Street Capital employees have actively engaged in volunteer opportunities with RPM, assisting with animal care, transport preparation, and community outreach events [2] Impact and Mission Alignment - RPM's mission aligns with Main Street Capital's pledge to make a positive lasting impact in the community [3] - The partnership allows Main Street Capital to extend its impact beyond the business world into animal welfare [3] - Main Street Capital believes in the power of community involvement and the ripple effect of positive change [3] RPM's Achievements and Operations - RPM has saved approximately 92,000 homeless animals since its founding in September 2013 [4][13] - In 2024 alone, RPM has rescued 7,350 animals [5] - RPM rescues at-risk pets from overcrowded shelters, provides veterinary care, and transports them to areas with high demand for adoptable pets [4][13] Future Plans and Enhancements - The partnership with Main Street Capital will enhance RPM's operations, allowing for expanded medical services, improved boarding facilities, and safe transportation for animals [5] - RPM aims to create a world where every animal is valued and loved through dedicated rescue efforts, veterinary care, and transport initiatives [5] NYSE Global Giving Campaign - The NYSE Global Giving Campaign allows NYSE-listed companies to share their efforts to help those in need and raise awareness for the organizations they support [6] About Main Street Capital Corporation - Main Street Capital is a principal investment firm providing customized long-term debt and equity capital solutions to lower middle market companies [11] - Main Street's portfolio investments support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [11] - Main Street's lower middle market portfolio companies generally have annual revenues between $25 million and $500 million [8] About Rescued Pets Movement Inc - RPM is a 501(c)(3) organization dedicated to rescuing, rehabilitating, and transporting homeless dogs and cats to forever homes in communities throughout the United States [13] - RPM partners with reputable rescue groups across the country and uses its own vans and drivers to transport animals [13] - Once rescued, pets are given veterinary care and temporarily placed in foster homes or RPM's boarding facility until they are ready for transport to their forever homes [13]
Main Street Capital: One Of The Best Post-Trump Victory Blue Chips You Can Buy Today
Seeking Alpha· 2024-11-12 12:00
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Two 8% Dividend Yields To Let The Compounding Do Its Magic
Seeking Alpha· 2024-11-10 14:15
My investing strategy is simple: focus on high yield securities, where I can be certain that the current income streams that are offered from the start will not be cut going forward.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level wo ...