HOUSTON, May 3, 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 July,
August and September 2017.
These monthly dividends, which will be payable pursuant to
the table below, total $0.555 per
share for the third quarter of 2017, which is consistent with the
regular monthly dividends declared for the second quarter of 2017
and represents a 3% increase from the regular monthly dividends
paid for the third 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 $20.545 per share in cumulative cash dividends
since its October 2007 initial public
offering at $15.00 per share.
Summary of Third
Quarter 2017 Regular Monthly Dividends
|
|
|
|
|
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount Per
Share
|
5/2/2017
|
6/28/2017
|
6/30/2017
|
7/14/2017
|
$0.185
|
5/2/2017
|
7/18/2017
|
7/20/2017
|
8/15/2017
|
$0.185
|
5/2/2017
|
8/17/2017
|
8/21/2017
|
9/15/2017
|
$0.185
|
|
|
Total for Third 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
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'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