Main Street Capital Corporation announced on October 15, 2024, its preliminary operating results for the third quarter of 2024. The company estimates net investment income (NII) to be between $0.99 and $1.01 per share, and distributable net investment income (DNII) between $1.05 and $1.07 per share.
The preliminary estimate for net asset value (NAV) per share as of September 30, 2024, is $30.54 to $30.60. This represents an increase of $0.74 to $0.80 per share, or 2.5% to 2.7%, from the NAV per share of $29.80 as of June 30, 2024, even after accounting for a $0.30 per share supplemental dividend paid in September 2024.
Main Street estimates a quarterly annualized return on equity of 18% to 20% for the third quarter of 2024. Non-accrual investments are preliminarily estimated at 1.4% of the total investment portfolio at fair value and 3.9% at cost as of September 30, 2024.
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