SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS In July 2023, Main Street expanded its total commitments under the Corporate Facility from $980.0 million to $995.0 million. The commitment increase was executed under the accordion feature of the Corporate Facility which allows for an increase up $1.4 billion in total commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments.
In August 2023, Main Street declared a supplemental cash dividend of $0.275 per share payable in September 2023. This supplemental cash dividend is in addition to the previously announced regular monthly cash dividends that Main Street declared for the third quarter of 2023 of $0.23 per share for each of July, August and September 2023.
In August 2023, Main Street also declared regular monthly dividends of $0.235 per share for each month of October, November and December of 2023. These regular monthly dividends equal a total of $0.705 per share for the fourth quarter of 2023, representing a 6.8% increase from the regular monthly dividends paid in the fourth quarter of 2022. Including the regular monthly and supplemental dividends declared for the third and fourth quarters of 2023, Main Street will have paid $38.54 per share in cumulative dividends since its October 2007 initial public offering.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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