Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Our management has evaluated subsequent events through the date of issuance of the consolidated financial statements, and identified the following to report:
In August 2024, Main Street declared a supplemental dividend of $0.30 per share payable in September 2024. This supplemental dividend is in addition to the previously announced regular monthly dividends that Main Street declared of $0.245 per share for each of July, August and September 2024, or total regular monthly dividends of $0.735 per share for the third quarter of 2024.
In August 2024, Main Street also declared regular monthly dividends of $0.245 per share for each month of October, November and December of 2024. These regular monthly dividends equal a total of $0.735 per share for the fourth quarter of 2024, representing a 4.3% increase from the regular monthly dividends paid in the fourth quarter of 2023. Including the regular monthly and supplemental dividends declared for the third and fourth quarters of 2024, Main Street will have paid $42.625 per share in cumulative dividends since its October 2007 initial public offering.
After quarter end, Main Street received approval from the SBA for $63.8 million of additional SBIC funding which it expects to draw in the third quarter of 2024, at which point the total outstanding amount of SBIC debentures would equal the regulatory maximum amount of $350.0 million.