Main Street Paying an Aggregate of $0.50 per Share in Regular Monthly and Special Cash Dividends in January 2013

HOUSTON, Dec. 19, 2012 /PRNewswire/ -- As previously announced on November 7, 2012, Main Street Capital Corporation (NYSE: MAIN) ("Main Street") will pay a special cash dividend of $0.35 per share in January 2013, which is in addition to Main Street's regular monthly dividends of $0.15 per share to be paid in each of January, February and March 2013.  The purpose of this press release is to serve as a reminder with respect to the January 2013 special cash dividend and relevant dates and to avoid potential confusion related thereto.

The special dividend will be payable as set forth below to stockholders who purchase shares prior to, and hold such shares on, the January 2, 2013 ex-dividend date. 

Summary of Special Cash Dividend

The special dividend will be paid out of Main Street's undistributed taxable income (or "spillover income"), or taxable net income in excess of dividends paid, as of December 31, 2012.  As previously discussed in the November 7, 2012 press release, which can be found on Main Street's website at www.mainstcapital.com, Main Street estimates that the special dividend represents a payout of approximately one-third of Main Street's estimated spillover income as of September 30, 2012.

The special dividend is in addition to the regular cash dividends that Main Street has declared and paid since its October 2007 initial public offering and its regular monthly dividends declared for the first quarter of 2013.  The regular monthly dividends for the first quarter of 2013 total $0.45 per share and represent an 11.1% increase from the dividends declared for the first quarter of 2012.  Including the regular monthly dividends declared for the first quarter of 2013 and the $0.35 per share special cash dividend payable in January 2013, Main Street will have paid $8.83 per share in cumulative dividends since its October 2007 initial public offering.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.  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's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in 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 amount of estimated spillover income and the declaration and payment of regular or special dividends in the future. 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 statements now or in the future.

CONTACT:
Main Street Capital Corporation
Dwayne L. Hyzak, CFO and Senior Managing
Director
dhyzak@mainstcapital.com  

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