MSCC(MAIN) Prnewswire·2025-04-16 11:00Core Viewpoint - Main Street Capital Corporation reported strong preliminary operating results for the first quarter of 2025, achieving a record net asset value per share for the eleventh consecutive quarter and an estimated return on equity exceeding 16% [2][4]. Financial Performance - The preliminary estimate of net investment income (NII) for Q1 2025 is between $1.00 and $1.02 per share, while distributable net investment income (DNII) is estimated to be between $1.06 and $1.08 per share [3]. - The estimated net asset value (NAV) per share as of March 31, 2025, is between $32.00 and $32.06, reflecting an increase of $0.35 to $0.41 per share, or 1.1% to 1.3%, from the NAV of $31.65 as of December 31, 2024 [3]. - The increase in NAV is attributed to net unrealized appreciation in the investment portfolio, offset by a net tax provision and a decrease in the fair value of the wholly-owned asset manager [3][4]. Investment Portfolio Activity - The total lower middle market (LMM) portfolio investments amounted to $86.2 million, resulting in a net increase of $57.3 million in the total cost basis after debt repayments [6]. - The total private loan portfolio investments reached $138.2 million, with a net increase of $25.6 million in the total cost basis after accounting for repayments and realized losses [6]. - There was a net decrease of $44.2 million in the total cost basis of the middle market investment portfolio [6]. Upcoming Events - Main Street will release its first quarter 2025 results on May 8, 2025, after market close, followed by a conference call on May 9, 2025, at 10:00 a.m. Eastern time [5][7].