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Mar 31, 2021
Main Street Capital Q1 2021 Earnings Report
Main Street Capital Corporation's financial performance was marked by net investment income of $39.8 million, distributable net investment income of $42.1 million, and a net asset value of $22.65 per share.
Key Takeaways
Main Street Capital Corporation announced its financial results for the first quarter of 2021, highlighting a net investment income of $0.58 per share, distributable net investment income of $0.62 per share, and a net asset value of $22.65 per share. The company's performance reflected the continued recovery of its portfolio companies from the COVID-19 pandemic.
Net investment income was $39.8 million (or $0.58 per share).
Distributable net investment income was $42.1 million (or $0.62 per share).
Net asset value increased to $22.65 per share.
The company issued $300.0 million of investment grade notes at a rate of 3.00%.
Main Street Capital
Main Street Capital
Main Street Capital Revenue by Segment
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Interest Income Revenue
CapyFin.comDividend Income Revenue
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CapyFin.com Forward Guidance
Forward-looking statements are based on current conditions and information available to Main Street as of the date hereof and include statements regarding Main Street's goals, beliefs, strategies and future operating results and cash flows. Management believes that the expectations reflected in those forward-looking statements are reasonable, Main Street can give no assurance that those expectations will prove to be correct.
Positive Outlook
- Ability to continue to navigate the remaining economic effects of the COVID-19 pandemic
- Ability to successfully source and execute on new portfolio investments
- Continued effectiveness in raising, investing and managing capital
- Retention of key investment personnel
- Expansion of Credit Facility capacity
Challenges Ahead
- Adverse changes in the economy generally or in the industries in which Main Street's portfolio companies operate
- Potential impacts of the COVID-19 pandemic on the business and operations, liquidity and access to capital of Main Street and its portfolio companies, and on the U.S. and global economies, including public health requirements in response to the pandemic
- Changes in laws and regulations or business, political and/or regulatory conditions that may adversely impact Main Street's operations or the operations of its portfolio companies
- The operating and financial performance of Main Street's portfolio companies and their access to capital
- Competitive factors