MSCC(MAIN) Prnewswire·2025-01-16 12:00Core Viewpoint - Main Street Capital Corporation reported strong preliminary operating results for the fourth quarter of 2024, indicating a record year across several financial metrics, including a return on equity exceeding 25% for the quarter [2][4]. Financial Performance - The preliminary estimate of net investment income (NII) for the fourth quarter of 2024 is projected to be between $1.01 and $1.03 per share, while distributable net investment income (DNII) is estimated to be between $1.07 and $1.09 per share [3]. - The estimated net asset value (NAV) per share as of December 31, 2024, is between $31.62 and $31.68, reflecting an increase of $1.05 to $1.11 per share, or 3.4% to 3.6%, from the NAV of $30.57 as of September 30, 2024 [3]. - The company estimates a quarterly annualized return on equity of over 25% for Q4 2024 and an actual return on equity of over 19% for the full year [4]. Investment Portfolio Activity - Main Street's total lower middle market (LMM) portfolio investments amounted to $167.6 million, with a net increase of $11.4 million in the total cost basis [6]. - The total private loan portfolio investments reached $108.0 million, resulting in a net increase of $6.7 million in the total cost basis [6]. - There was a net decrease of $25.2 million in the total cost basis of the middle market investment portfolio [6]. Dividend Tax Treatment - Main Street paid dividends totaling $4.11 per share in 2024, with approximately 31% classified as qualified dividends and 69% as ordinary income [5][7]. - For non-U.S. shareholders, approximately 36% of the dividends relate to "interest-related" dividends and short-term capital gains, which are exempt from U.S. withholding tax [8]. Upcoming Events - The fourth quarter and full year 2024 results will be released on February 27, 2025, with a conference call scheduled for February 28, 2025, at 10:00 a.m. Eastern time [9].