HOUSTON, Aug. 4, 2020 /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
October, November and December 2020.
These monthly dividends, which will be payable pursuant to
the table below, total $0.615 per
share for the fourth quarter of 2020, which are consistent with the
regular monthly dividends declared for the fourth quarter of 2019
and 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 $29.60 per share in
cumulative cash dividends since its October
2007 initial public offering at $15.00 per share.
Summary of Fourth Quarter 2020 Regular Monthly
Dividends
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount Per
Share
|
8/3/2020
8/3/2020
8/3/2020
|
9/28/2020
10/28/2020
11/24/2020
|
9/29/2020
10/29/2020
11/25/2020
|
10/15/2020
11/13/2020
12/15/2020
|
$0.205
$0.205
$0.205
|
|
|
Total for Fourth
Quarter 2020:
|
$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 2020 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.
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 2020 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