Main Street sees Q2 distributable NII $1.06-$1.08, consensus $1.02

Sees Q2 NAV per share as of June 30, 2024 of $29.77-$29.83, representing an increase of 23c-29c per share, or 0.8% to 1.0%, from the NAV per share of $29.54 as of March 31, 2024, with this increase after the impact of the supplemental dividend paid in June 2024 of 30c per share. CEO Dwayne Hyzak stated, “We are pleased with our performance in Q2, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the eighth consecutive quarter, distributable net investment income per share that continued to exceed the dividends paid to our shareholders and an estimated return on equity of over 15% for the quarter. We believe that these continued strong results demonstrate the 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 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 and ended the quarter with attractive investment pipelines in both investment strategies, which we expect will be beneficial in the future.”