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Main Street Announces Preliminary Estimate of Third Quarter 2023 Operating Results

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Tuesday, October 17, 2023

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HOUSTON, Oct. 17, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the third quarter of 2023 and its third quarter 2023 earnings release and conference call schedule.

Key Points:

HOUSTON, Oct. 17, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the third quarter of 2023 and its third quarter 2023 earnings release and conference call schedule.
In commenting on the Company's operating results for the third quarter of 2023, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the third quarter, which resulted in continued strong recurring operating results, a new record for net asset value per share for the fifth consecutive quarter and a return on equity of over 17%.
Based upon the continued strength of our performance in the third quarter, we expect another meaningful supplemental dividend to be paid in the fourth quarter of 2023.
Main Street's third quarter 2023 results will be released on Thursday, November 2, 2023, after the financial markets close.

U.S. Impact Investing Alliance Publishes "Impact at Work" to Spotlight Opportunities for Corporate Impact Investing

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Wednesday, May 24, 2023

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NEW YORK, May 24, 2023 /PRNewswire/ -- The U.S. Impact Investing Alliance ("the Alliance"), an organization dedicated to building the impact investing ecosystem, today published "Impact at Work: An Examination of Corporate Impact Investing Strategies and Their Durability."

Key Points:

NEW YORK, May 24, 2023 /PRNewswire/ -- The U.S. Impact Investing Alliance ("the Alliance"), an organization dedicated to building the impact investing ecosystem, today published "Impact at Work: An Examination of Corporate Impact Investing Strategies and Their Durability."
These investments are increasingly leveraging impact investing tools over traditional grantmaking tools, but more transparency, accountability and sharing of best practices is still needed."
Given concerns about whether these commitments are built on authenticity and long-term thinking, "Impact at Work" explores the durability of corporate impact investing strategies.
Through this report, the Alliance seeks to capture an important trend around corporate impact investing and generate further conversations around the need for long-term, authentic engagement from companies in leveraging their capital for impact.

Main Street Announces Preliminary Estimate of First Quarter 2023 Operating Results

Retrieved on:

Tuesday, April 18, 2023

Main Street, Webcast, LMM, Internet, NAV, Investment, Software, NYSE, NII, Let Wall Street Pay for the Restoration of Main Street Bill, Bank

HOUSTON, April 18, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2023 and its first quarter 2023 earnings release and conference call schedule.

Key Points:

HOUSTON, April 18, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2023 and its first quarter 2023 earnings release and conference call schedule.
Main Street's preliminary estimates of first quarter 2023 net investment income ("NII") is $1.01 to $1.03 per share and distributable net investment income ("DNII"), which is NII before non-cash compensation expenses, is $1.06 to $1.08 per share.
As a result of Main Street's preliminary estimates of net investment income and net changes in the fair market value of its investment portfolio as noted above, Main Street estimates that it generated a quarterly annualized return on equity for the first quarter of 2023 of 14% to 15%.
Main Street's first quarter 2023 results will be released on Thursday, May 4, 2023, after the financial markets close.

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion.

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Thursday, February 23, 2023

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WOOSTER, Ohio and WHEELING, W.Va., Feb. 23, 2023 /PRNewswire/ -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., today announced they have entered into an Agreement and Plan of Merger (the "Agreement") under which Wayne will merge with and into Main Street in an all-stock transaction valued at approximately $68 million, which equates to $30.53 per Wayne share based on Main Street's stock price of $17.50 as of February 22, 2023. As part of the merger, the operating bank subsidiary of Main Street, Main Street Bank Corp., will merge with and into the operating bank subsidiary of Wayne, Wayne Savings Community Bank. The combined bank will be branded as Main Street Bank. The transaction is expected to be approximately 40% accretive to Main Street's earnings per share on a fully phased-in basis, excluding merger charges and approximately 16% accretive to Wayne's earnings per share on a fully phased-in basis, excluding merger charges, on an exchange ratio-adjusted basis. Main Street also expects to increase its quarterly dividend to approximately $0.13 per share after closing.

Key Points:

As part of the merger, the operating bank subsidiary of Main Street, Main Street Bank Corp., will merge with and into the operating bank subsidiary of Wayne, Wayne Savings Community Bank.
The combined bank will be branded as Main Street Bank.
The combined bank will unify under the Main Street Bank name at the completion of the merger."
The combined company will trade under the Main Street ticker symbol "MSWV" on the OTCQX, and will operate under the "Main Street Financial Services Corp." name, and the combined bank will operate under the "Main Street Bank Corp." name.

Main Street Announces Preliminary Estimate of Fourth Quarter 2022 Operating Results

Retrieved on:

Tuesday, January 17, 2023

HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the fourth quarter of 2022, the federal tax treatment of its 2022 dividends and its fourth quarter and full year 2022 earnings release and conference call schedule.

Key Points:

HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the fourth quarter of 2022, the federal tax treatment of its 2022 dividends and its fourth quarter and full year 2022 earnings release and conference call schedule.
In commenting on the Company's operating results for the fourth quarter of 2022, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are very pleased with our fourth quarter results, which closed another record year for Main Street across several key performance indicators with significant positive momentum for 2023.
Main Street's preliminary estimate of fourth quarter 2022 net investment income ("NII") is $0.97 to $0.99 per share.
Main Street's preliminary estimate of fourth quarter 2022 distributable net investment income ("DNII"), which is NII before non-cash compensation expenses, is $1.02 to $1.04 per share.

Main Street Announces Fourth Quarter 2022 Private Loan Portfolio Activity

Retrieved on:

Thursday, January 12, 2023

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HOUSTON, Jan. 12, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio.

Key Points:

HOUSTON, Jan. 12, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio.
During the fourth quarter of 2022, Main Street originated new or increased commitments in its private loan portfolio of $44.2 million and funded total investments across its private loan portfolio with a cost basis totaling $86.4 million.
As of December 31, 2022, Main Street's private loan portfolio included total investments at cost of approximately $1.5 billion across 85 unique borrowers.
The private loan portfolio, as a percentage of cost, included 96.7% invested in first lien debt investments and 3.3% invested in equity investments or other securities.

RSM US Middle Market Business Index Declines, Shows Deteriorating Conditions

Retrieved on:

Tuesday, December 6, 2022

CHICAGO, Dec. 6, 2022 /PRNewswire/ -- The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, eased to 124.2 in the fourth quarter, down 12.5 points from the previous quarter. While the index remains at a level that signals expansion and reflects the resilience of the broader economy, the decrease in topline sentiment indicates that two years of rising prices are taking a toll on overall business conditions and expectations around revenues, net earnings and hiring.

Key Points:

All 10 components of the RSM US Middle Market Business Index declined from the third quarter to the fourth, reflecting growing pessimism about the economy.
"The year's final Middle Market Business Index shows that persistently high inflation is souring businesses' perceptions about the strength of the economy in the near term," said U.S. Chamber Executive Vice President and Chief Policy Officer Neil Bradley.
RSM US LLP and the U.S. Chamber of Commerce have partnered to present the RSM US Middle Market Business Index (MMBI).
The survey panel consists of approximately 1,500 middle market executives and is designed to accurately reflect conditions in the middle market.

Bioventus Files for Extension to File Form 10-Q for the Period Ended October 1, 2022

Retrieved on:

Wednesday, November 16, 2022

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In addition, Bioventus is seeking resolution related to the validity of a revised invoice received subsequent to the Company's Q3 Earnings Release.

Key Points:

In addition, Bioventus is seeking resolution related to the validity of a revised invoice received subsequent to the Company's Q3 Earnings Release.
As a result of the foregoing, the Companys management has concluded that its internal controls related to the timely recognition of quarterly rebates were inadequate specifically for the period ended October 1, 2022.
As permitted by the Form 12b-25 filing, the Company expects to file its Form 10-Q for the period ended October 1, 2022, by November 21, 2022.
Bioventus and the Bioventus logo are registered trademarks of Bioventus LLC.

ZSuite Tech Finalizes $11 Million Series A Funding Round with Investment from ICBA and BankTech Ventures

Retrieved on:

Thursday, November 17, 2022

This round was completed by the Independent Community Bankers of America (ICBA) and BankTech Ventures, LP (BTV).

Key Points:

This round was completed by the Independent Community Bankers of America (ICBA) and BankTech Ventures, LP (BTV).
ZSuite Tech is one of eight leading bank technology companies selected by BTV to receive funding so far.
Sometimes referred to as Virtual Account Management (VAM), this service offering has typically only been offered by large international institutions.
Their performance there, as well as their resonance with community banks, excited us to get more involved in this round.

RSM US Middle Market Business Index Surges, Despite Elevated Inflation

Retrieved on:

Thursday, September 8, 2022

CHICAGO, Sept. 8, 2022 /PRNewswire/ -- The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, increased to 138.5 in the third quarter, up 7.3 points from the previous quarter. The statistically significant increase in topline sentiment is indicative of strong overall activity and solid middle market business conditions, even as inflation remains elevated.

Key Points:

CHICAGO, Sept. 8, 2022 /PRNewswire/ -- The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce , increased to 138.5 in the third quarter, up 7.3 points from the previous quarter.
The statistically significant increase in topline sentiment is indicative of strong overall activity and solid middle market business conditions, even as inflation remains elevated.
RSM US LLP and the U.S. Chamber of Commerce have partnered to present the RSM US Middle Market Business Index (MMBI).
The survey panel consists of approximately 1,500 middle market executives and is designed to accurately reflect conditions in the middle market.