whytestocks
6年前
News: $MAIN New Research: Key Drivers of Growth for Main Street Capital, Northrop Grumman, Verisk Analytics, Celanese, FormFactor, and Kopin - Factors of Influence, Major Initiatives and Sustained Production
NEW YORK, Jan. 16, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Main Street Capital Corporation (NYSE:MAIN), Northrop Grumman Corporat...
Read the whole news https://marketwirenews.com/news-releases/new-research-key-drivers-of-growth-for-main-street-capital-northrop-grumman-verisk-analytics-celanese-formfactor-and-kopin-factors-of-influence-major-initiatives-and-sustained-production-6925016.html
Soapy Bubbles
14年前
Main Street Capital Announces Follow-on Portfolio Investment
Main Street Capital Corp. Common Stock (NYSE:MAIN)
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Today : Thursday 23 June 2011
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Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a follow-on investment in an existing portfolio company totaling $7.0 million. Main Street's follow-on investment in Audio Messaging Solutions, LLC ("AMS") supported the acquisition of an industry competitor which significantly expands the company's customer base and service offering. The follow-on investment consists of $7.0 million in first lien secured debt with additional equity warrant participation. AMS now provides custom branded on hold messaging, auto attendant greetings, overhead music and digital signage services to its customers. In addition to the expansion of its customer base through this cash and equity transaction, AMS believes that the broader range of services offered by the acquired company provides enhanced cross-selling opportunities to existing AMS customers. This acquisition represents the Company's eleventh acquisition in the on hold messaging sector, making AMS one of the largest providers of those services in the United States. Current management of the acquired company will also become significant shareholders of AMS and serve in senior management positions in the combined company.
In addition to the follow-on portfolio investment discussed above, Main Street has invested $44.8 million since March 31, 2011 in six privately placed, interest-bearing debt securities with a weighted average effective yield of 11.6%. These privately placed investments represent first lien and second lien secured debt investments and include companies operating in the oilfield services, environmental services, professional services, information services and entertainment industries
Soapy Bubbles
14年前
Main Street Capital Announces 4% Dividend Increase
Monthly Dividends for April, May and June 2011 Increase to $0.13 Per Share
HOUSTON, March 9, 2011 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that its Board of Directors declared monthly dividends of $0.13 per share for each of April, May and June 2011. These monthly dividends, which will be payable pursuant to the table below, equate to a total of $0.39 per share for the second quarter of 2011. The second quarter 2011 dividends represent a 4.0% sequential increase from the dividends declared by Main Street for the first quarter of 2011 and also represent a 4.0% increase from the dividends declared for the second quarter of 2010. The dividends per share for the second quarter of 2011 equate to an approximate annualized yield of 8.1% based on Main Street's current share price. Including the dividends declared for the second quarter of 2011, Main Street will have paid $5.52 per share in cumulative dividends since its October 2007 initial public offering.
When declaring dividends, the Main Street Board of Directors reviews estimates of taxable income available for distribution, which differs from consolidated book income due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, (iii) activity at our taxable subsidiaries, and (iv) the amount of undistributed taxable income (or "spillover income") carried over from a given year for distribution in the following year. The final determination of 2011 taxable income, as well as the tax attributes for 2011 dividends, will be made after the close of the 2011 tax year. The final tax attributes for 2011 dividends will generally include both ordinary taxable income and capital gains but may also include qualified dividends and return of capital.
Main Street maintains a dividend reinvestment plan ("DRIP") that provides for the reinvestment of dividends on behalf of its stockholders, unless a stockholder has elected to receive dividends in cash. As a result, if Main Street declares a dividend, our stockholders who have not "opted out" of the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of our common stock. Main Street has the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator. Newly-issued shares will be valued based upon the final closing price of Main Street's common stock on a specified valuation date for each dividend as determined by Main Street's Board of Directors. Shares purchased in the open market to satisfy the DRIP requirements will be valued based upon the average price of the applicable shares purchased by the DRIP plan administrator, before any associated brokerage or other costs.
As previously announced, Main Street will release fourth quarter and full year 2010 financial results on Thursday, March 10, 2011, after the financial markets close. In conjunction with the fourth quarter and full year 2010 earnings release, Main Street has scheduled a conference call for Friday, March 11, 2011 at 10:00 a.m. Eastern Time. Please see Main Street's press release dated February 24, 2011, which can be found on its website, for details on how to participate in the conference call.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street's lower middle market investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street also maintains a portfolio of privately placed secured, interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements, including but not limited to the annualized dividend yield represented by the second quarter 2011 dividends and the potential tax attributes for 2011 dividends. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Main Street's control, and that Main Street may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance and results could vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and Main Street undertakes no obligation to update any such statement now or in the future.
Contacts:
Main Street Capital Corporation
Todd A. Reppert, President and CFO
treppert@mainstcapital.com
713-350-6000
Dennard Rupp Gray &Lascar, LLC
Ken Dennard | ksdennard@drg-l.com
Ben Burnham | bburnham@drg-l.com
713-529-6600
SOURCE Main Street Capital Corporation
News Provided by Acquire Media