Main Street Capital (MAIN) Tops Q2 EPS by 4c
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August 8, 2016 4:20 PM EDT
HOUSTON, Aug. 8, 2016 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today its financial results for the second quarter of 2016.
Second Quarter 2016 Highlights
Net investment income of $27.6 million (or $0.54 per share), representing a 2% increase from the second quarter of 2015
Distributable net investment income of $29.9 million (or $0.58 per share), representing a 4% increase from the second quarter of 2015 (1)
Total investment income of $42.9 million, representing a 4% increase from the second quarter of 2015
Maintained industry leading ratio of total non-interest operating expenses...
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August 8, 2016 4:15 PM EDT
HOUSTON, Aug. 8, 2016 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has received a license from the U.S. Small Business Administration ("SBA") to operate a third Small Business Investment Company ("SBIC"). The third SBIC license provides Main Street with up to $125 million of additional attractive, long-term, fixed interest rate debt capital through the issuance of SBA-guaranteed debentures. The maximum amount of SBA-guaranteed debentures that affiliated SBIC funds can have outstanding was increased from $225 million to $350 million as a result of the 2016... More
