Main Street sees Q1 DNII $1.06-$1.08, consensus 97c

Sees Q1 NII $1.01-$1.03. Sees Q1 NAV per share $27.20-$27.26, representing an increase of 34c-40c per share, or 1.3% to 1.5%, from the NAV per share of $26.86 as of December 31, 2022, with this increase after the impact of the supplemental dividend paid in March 2023 of 17.5c per share. The estimated increase in NAV per share is primarily due to the record estimated NII, which exceeded the regular monthly dividends of $0.675 per share and supplemental dividend of $0.175 per share paid in the first quarter, the accretive impact from equity issuances during the quarter and the net fair value increase on the investment portfolio resulting from the net unrealized appreciation on portfolio investments, partially offset by net realized losses on our portfolio investments and the tax provision resulting from the net realized and unrealized fair value changes on investment portfolio. Main Street estimates that it generated a quarterly annualized return on equity for Q1 of 14% to 15%.