Monday, November 16, 2015

New purchase : Main Street Capital Corporation

New position started in portfolio. Main Street Capital Corporation (NYSE:MAIN). Purchased 20 shares of MAIN at 30.60$ per share.

MAIN

Main Street Capital Corporation (MSCC), incorporated on March 9, 2007, is a principal investment firm. MSCC provides customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors. MSCC partners with entrepreneurs, business owners and management teams and generally provides financing alternatives within its LMM portfolio. The Company invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. The Company’s investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies, Private Loan portfolio investments, Other Portfolio investments, and the investment in MSC Adviser I, LLC (the External Investment Manager). The Company’s investments include debt investments, warrants and direct equity investments.

Main Street Capital Corporation pays dividends monthly with starting yield at 7.11%. In addition Main Street Capital has paid two extra dividends in June and December for the last two years. Hopefully same tradition continues...

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