Announces First Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON, April 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2024 and its first quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the first quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are extremely pleased with our performance in the first quarter, which resulted in continued strong operating results, including a new record for net asset value per share for the seventh consecutive quarter, net investment income per share and distributable net investment income per share that significantly exceeded the dividends paid to our shareholders  and an estimated return on equity of 17% for the quarter. These results demonstrate the continued and sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the continued underlying strength and quality of our portfolio companies. We are also pleased that we generated growth in both our lower middle market and private loan investment portfolios in the first quarter and ended the quarter with attractive investment pipelines in both investment strategies, which we expect will be helpful as we work to maintain our positive momentum from the last few quarters in the future." Mr. Hyzak continued, "Despite the significant increases in the total dividends paid to our shareholders over the last few years, which increased by another 20% in the first quarter of 2024 compared to the first quarter of 2023, our positive performance in the first quarter allowed us to continue to generate distributable net investment income per share that significantly exceeded the total dividends paid to our shareholders. Our estimated distributable net investment income for the first quarter of 2024 exceeded the monthly dividends paid to our shareholders by over 52.5% and the total dividends paid to our shareholders by over 7.5%. Based upon the continued strength of our performance in the first quarter, we expect another meaningful supplemental dividend to be paid in the second quarter of 2024. This would represent our eleventh consecutive quarterly supplemental dividend, to go with the seven increases to our regular monthly dividends in the same time period, allowing us to deliver significant value to our shareholders, while continuing to maintain a conservative dividend policy and retain a meaningful portion of our income for the future benefit of our stakeholders." Preliminary Estimates of First Quarter 2024 Results Main Street's preliminary estimate of first quarter 2024 net investment income ("NII") is $1.04 to $1.06 per share and distributable net investment income ("DNII") is $1.10 to $1.12 per share.(1) Main Street's preliminary estimate of net asset value ("NAV") per share as of March 31, 2024 is $29.51 to $29.57, representing an increase of $0.31 to $0.37 per share, or 1.1% to 1.3%, from the NAV per share of $29.20 as of December 31, 2023, with this increase after the impact of the supplemental dividend paid in March 2024 of $0.30 per share. The estimated increase in NAV per share is primarily due to the net fair value increase on the investment portfolio resulting from the net unrealized appreciation and the net realized losses on portfolio investments, including an increase in the fair value of the wholly-owned asset manager, the accretive impact of equity issuances during the quarter and the estimated NII, which exceeded the regular monthly dividends of $0.72 per share and supplemental dividend of $0.30 per share paid in the first quarter, with these increases partially offset by the net tax expense for the quarter. As a result of Main Street's preliminary estimates of NII and net changes in the fair ...