HOUSTON, Jan. 16, 2020 /PRNewswire/ -- Main Street Capital
Corporation (NYSE: MAIN) ("Main Street") is pleased to announce
that it has posted information regarding the U.S. federal income
tax characteristics of its dividends that are attributable to 2019
on its website under "2019 Form 1099 Information"
(http://ir.mainstcapital.com/tax-information). Main Street
paid dividends totaling $2.915 per
share that are attributable to 2019 for tax purposes, with
approximately 90.4% of such dividends taxed as ordinary income,
approximately 8.5% taxed as qualified dividends and approximately
1.1% taxed as long-term capital gains. Long-term capital
gains and qualified dividends paid to non-corporate taxpayers
(including individuals) qualify for favorable tax treatment under
the Internal Revenue Code ("IRC") and, for 2019, will generally be
subject to a maximum 20% U.S. federal income tax rate (plus a 3.8%
Medicare surtax, if applicable).
Non-U.S. resident and foreign corporation shareholders
("Non-U.S. Shareholders") in a Regulated Investment Company ("RIC")
such as Main Street are exempt from U.S. withholding tax on both
"interest-related" dividends and short-term capital gains in
accordance with the IRC sections 871(k) and 881(e). In
addition, Non-U.S. Shareholders in a RIC are also exempt from U.S.
withholding tax on long-term capital gains. Main Street paid
dividends totaling $2.915 per share
that are attributable to 2019 for tax purposes, with approximately
55.6% of such dividends relating to "interest-related" dividends,
short-term capital gains and long-term capital gains. See the "Tax
Treatment of 2019 Dividends for Non-U.S. Shareholders" posted on
Main Street's website for more details
(http://ir.mainstcapital.com/tax-information).
To the extent Non-U.S. Shareholder taxes were withheld on
dividends distributed, this information may be considered in
connection with any claims for refund of taxes made with the U.S.
Internal Revenue Service. Non-U.S. Shareholders should
contact their tax advisor with any questions regarding this
information.
Neither this press release, the 2019 Form 1099 Information nor
the Tax Treatment of 2019 Dividends for Non-U.S. Shareholders, is
intended to constitute tax, legal, investment, or other
professional advice. This is general information and reference
should be made to your 2019 Form 1099-DIV for tax reporting
purposes. Shareholders should receive their 2019 Form 1099-DIVs by
mid-February (generally from their brokers) and should consult a
tax advisor for tax guidance pertinent to their specific facts and
circumstances. If you did not hold Main Street stock for all of
calendar year 2019, your 1099-DIV will only reflect the tax
characteristics for the portion of the year you owned Main Street
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.
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