Main Street sees Q4 distributable NII $1.07-$1.09, consensus $1.03

Sees NAV per share as of December 31, 2024 $31.62-$31.68, up $1.05-$1.11 per share, or 3.4% to 3.6%, from the NAV per share of $30.57 as of September 30, 2024, with this increase after the impact of the supplemental dividend paid in December 2024 of 30c per share. Estimates that it generated a quarterly annualized return on equity of over 25% for Q4 and actual return on equity of over 19% for the full year. CEO Dwayne Hyzak stated, “We are extremely pleased with our continued strong performance in Q4, which closed another record year for Main Street (MAIN) across several key financial metrics. Our preliminary operating results highlight that our Q4 performance resulted in another quarter of strong operating results, including favorable distributable net investment income per share and significant net realized gains and net unrealized appreciation, which resulted in an estimated record return on equity of over 25% for Q4. We are extremely pleased with our Q4 and full year 2024 results and look forward to sharing the full details of our results in a few weeks.”