Main Street reports Q1 distributable NII $1.01, consensus $1.02

Reports Q1 investment income $137.05M vs. $131.61M last year. Net asset value was $32.03 per share as of March 31, 2025, representing an increase of $0.38 per share, or 1.2%, compared to $31.65 per share as of December 31, 2024. CEO Dwayne Hyzak stated, “We are pleased with our performance in Q1, which resulted in another quarter of strong operating results highlighted by an annualized return on equity of 16.5%, favorable levels of net investment income per share and distributable net investment income per share and another record net asset value per share driven by significant unrealized appreciation on our lower middle market portfolio investments…Our continued positive performance allowed us to increase the total dividends paid to our shareholders in Q1 by 2.9% over the prior year, continuing our trend of increasing the dividends paid to our shareholders over the past few years, while also continuing to generate distributable net investment income per share which exceeds the total dividends paid to our shareholders. In addition, our strong Q1 performance resulted in the declaration of another 30c per share supplemental dividend to be paid in June 2025, representing our fifteenth consecutive quarterly supplemental dividend, to go with the ten increases to our regular monthly dividends declared since Q4 2021…We continue to be encouraged by the favorable performance of the companies in our diversified lower middle market and private loan investment portfolios and remain confident that these strategies, together with the benefits of our asset management business and our cost efficient operating structure, will allow us to continue to deliver superior results for our shareholders.”