Main Street Announces Preliminary Estimate of Third Quarter 2024 Operating Results

Core Viewpoint - Main Street Capital Corporation reported strong operating results for Q3 2024, achieving a record net asset value per share for the ninth consecutive quarter and exceeding dividends paid to shareholders with distributable net investment income [2][3] Financial Performance - Estimated net investment income (NII) for Q3 2024 is projected to be between $0.99 and $1.01 per share, while distributable net investment income (DNII) is estimated at $1.05 to $1.07 per share [3] - The net asset value (NAV) per share as of September 30, 2024, is estimated to be between $30.54 and $30.60, reflecting an increase of $0.74 to $0.80 per share, or 2.5% to 2.7%, from the previous quarter [3] - The company anticipates a quarterly annualized return on equity of 18% to 20% for Q3 2024 [4] Dividend Information - Total dividends paid to shareholders in Q3 2024 increased by 7.3% compared to Q3 2023, continuing a trend of dividend increases over recent years [2] - Estimated distributable net investment income for Q3 2024 exceeded monthly dividends paid by over 43% and total dividends by over 2% [2] - A meaningful supplemental dividend is expected to be paid in Q4 2024, marking the thirteenth consecutive quarterly supplemental dividend [2] Investment Portfolio Activity - The company made $51.6 million in total lower middle market portfolio investments, resulting in a net increase of $2.0 million in the total cost basis of the LMM investment portfolio [5] - Total private loan investments amounted to $309.3 million, with a net increase of $162.7 million in the total cost basis of the private loan investment portfolio [6] - There was a net decrease of $4.3 million in the total cost basis of the middle market investment portfolio [6] Upcoming Events - Main Street's Q3 2024 results will be released on November 7, 2024, with a conference call scheduled for November 8, 2024, at 10:00 a.m. Eastern time [7][8]