HOUSTON, Dec. 7, 2017 /PRNewswire/ -- As previously
announced on October 18, 2017, Main
Street Capital Corporation (NYSE: MAIN) ("Main Street") will pay a
semi-annual supplemental cash dividend of $0.275 per share in December 2017, which is in addition to Main
Street's previously announced regular monthly cash dividends of
$0.19 per share to be paid in each of
December 2017 and January, February
and March 2018. Consistent with prior periods with several
dividends in close proximity, Main Street is issuing this reminder
with respect to its upcoming dividend activity since there are
multiple ex-dividend and payment dates in December 2017.
Each of Main Street's December
2017 and January 2018 regular
monthly dividends and December 2017
semi-annual supplemental dividend will be payable as set forth
below to stockholders who hold shares through the trading day
immediately preceding the ex-dividend date for such dividend.
Summary of
Upcoming Dividend Activity
|
|
|
|
|
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount Per
Share
|
8/1/2017
|
11/20/2017
|
11/21/2017
|
12/15/2017
|
$0.190
|
10/17/2017
|
12/18/2017
|
12/19/2017
|
12/27/2017
|
$0.275
|
10/31/2017
|
12/28/2017
|
12/29/2017
|
1/12/2018
|
$0.190
|
Aggregate total
payable in December 2017 and January 2018:
|
$0.655 (1)
|
|
|
|
|
(1)
|
Additionally, Main
Street has previously declared regular monthly dividends of $0.19
per share payable on February 15, 2018 and March 15, 2018 to
stockholders of record on January 19, 2018 and February 22, 2018,
respectively.
|
|
|
Including all dividends declared to date, Main Street will have
paid $21.96 per share in cumulative
dividends since its October 2007
initial public offering at $15.00 per
share. The combination of the current regular monthly
dividend rate of $0.19 per share and
the current semi-annual supplemental dividend rate of $0.275 per share equates to annualized cash
dividends of $2.83 per
share.
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 declaration and payment of regular
or supplemental dividends in the future. 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 Investor
Relations
Ken Dennard |
ken@dennardlascar.com
Mark Roberson |
mroberson@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation