HOUSTON, May 4, 2021 /PRNewswire/ -- Main Street
Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to
announce that its Board of Directors declared regular monthly cash
dividends of $0.205 per share for
each of July, August and September 2021. These monthly
dividends, which will be payable pursuant to the table below, total
$0.615 per share for the third
quarter of 2021, which are consistent with the regular monthly
dividends declared for the second quarter of 2021 and the third
quarter of 2020. Since its October
2007 initial public offering, Main Street has periodically
increased the amount of its regular monthly dividends paid per
share and has never reduced its regular monthly dividend amount per
share. Including all dividends declared to date, Main Street
will have paid $31.45 per share in
cumulative cash dividends since its October
2007 initial public offering at $15.00 per share.
Summary of Third
Quarter 2021 Regular Monthly Dividends
|
|
|
|
|
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount Per
Share
|
|
|
|
|
|
5/3/2021
|
6/28/2021
|
6/29/2021
|
7/15/2021
|
$0.205
|
|
|
|
|
|
5/3/2021
|
7/28/2021
|
7/29/2021
|
8/13/2021
|
$0.205
|
|
|
|
|
|
5/3/2021
|
8/26/2021
|
8/27/2021
|
9/15/2021
|
$0.205
|
|
|
|
|
|
|
|
Total for Third
Quarter 2021:
|
$0.615
|
|
|
|
|
|
The final determination of the tax attributes for dividends each
year are made after the close of the tax year. The final tax
attributes for 2021 dividends are currently expected to include a
combination of ordinary taxable income and qualified dividends and
may include capital gains and return of capital.
Main Street maintains a dividend reinvestment and direct stock
purchase plan (the "Plan"). The dividend reinvestment feature
of the Plan (the "DRIP") provides for the reinvestment of dividends
on behalf of Main Street's registered stockholders who hold their
shares with Main Street's transfer agent and registrar, American
Stock Transfer and Trust Company, or certain brokerage firms that
have elected to participate in the DRIP. Under the DRIP, if
Main Street declares a dividend, registered stockholders who have
not "opted out" of the DRIP by the dividend record date will have
their dividend automatically reinvested into additional shares of
Main Street common stock. The direct stock purchase feature
of the Plan (the "DSPP") provides investors with a convenient and
economical method to purchase shares of Main Street common
stock. More information about the Plan (including the DSPP
prospectus) can be found on the Main Street website
(https://ir.mainstcapital.com/dividend-reinvestment-and-direct-stock-purchase-plan).
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street
(www.mainstcapital.com) is a principal investment firm that
primarily provides long-term debt and equity capital to lower
middle market companies and debt capital to middle market
companies. Main Street's portfolio investments are typically
made to support management buyouts, recapitalizations, growth
financings, refinancings and acquisitions of companies that operate
in diverse industry sectors. Main Street seeks to partner
with entrepreneurs, business owners and management teams and
generally provides "one stop" financing alternatives within its
lower middle market portfolio. Main Street's lower middle
market companies generally have annual revenues between
$10 million and $150 million. Main Street's middle market
debt investments are made in businesses that are generally larger
in size than its lower middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external
parties. MSC Adviser is registered as an investment adviser
under the Investment Advisers Act of
1940.
FORWARD-LOOKING STATEMENTS
This press release may
contain certain forward-looking statements, including but not
limited to the continued payment and growth of future dividends and
the potential tax attributes for 2021 dividends. Any such
statements other than statements of historical fact are likely to
be affected by other unknowable future events and conditions,
including elements of the future that are or are not under Main
Street's control, and that Main Street may or may not have
considered; accordingly, such statements cannot be guarantees or
assurances of any aspect of future performance. Actual
performance and results could vary materially from these estimates
and projections of the future as a result of a number of factors,
including those described from time to time in Main Street's
filings with the Securities and Exchange Commission. Such
statements speak only as of the time when made and are based on
information available to Main Street as of the date hereof and are
qualified in their entirety by this cautionary statement.
Main Street assumes no obligation to revise or update any
such statement now or in the future.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO,
dhyzak@mainstcapital.com
Brent D. Smith, CFO,
bsmith@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan |
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation