HOUSTON, Feb. 23, 2017 /PRNewswire/ -- Main Street
Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to
announce that its Board of Directors declared regular monthly cash
dividends of $0.185 per share for
each of April, May and June 2017.
These monthly dividends, which will be payable pursuant to
the table below, total $0.555 per
share for the second quarter of 2017, which is consistent with the
regular monthly dividends declared for the first quarter of 2017
and represents a 3% increase from the regular monthly dividends
paid for the second quarter of 2016. 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 $19.715 per share in cumulative cash dividends
since its October 2007 initial public
offering at $15.00 per share.
Summary of Second
Quarter 2017 Regular Monthly Dividends
|
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount Per
Share
|
2/22/2017
|
3/17/2017
|
3/21/2017
|
4/13/2017
|
$0.185
|
2/22/2017
|
4/18/2017
|
4/20/2017
|
5/15/2017
|
$0.185
|
2/22/2017
|
5/17/2017
|
5/19/2017
|
6/14/2017
|
$0.185
|
|
|
Total for Second
Quarter 2017:
|
$0.555
|
|
|
|
|
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 2017 dividends are currently expected to include
ordinary taxable income, capital gains and qualified dividends.
Main Street maintains a dividend reinvestment plan ("DRIP") that
provides for the reinvestment of dividends on behalf of its
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 Main Street's DRIP. Under the DRIP, if Main
Street declares a dividend, registered stockholders (or
stockholders holding shares through participating brokerage firms)
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.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment
firm that 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's common stock trades on the New York Stock Exchange
("NYSE") under the symbol "MAIN." In addition, Main Street
has outstanding 6.125% Notes due 2023, which trade on the NYSE
under the symbol "MSCA."
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking
statements, including but not limited to the potential tax
attributes for 2017 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.
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, President &
COO, dhyzak@mainstcapital.com
Brent D. Smith, CFO,
bsmith@mainstcapital.com
713-350-6000
Dennard ▪ Lascar Associates
Ken Dennard |
ken@dennardlascar.com
Mark Roberson |
mroberson@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation