Main Street reports Q2 distributable NII $1.07, consensus $1.02

In commenting on the company’s operating results for the second quarter of 2024, DwayneHyzak, Main Street’s Chief Executive Officer, stated, “We are pleased with our performance in the second quarter, which resulted in another quarter of strong operating results highlighted by a return on equity of 16.1%, distributable net investment income per share that continued to exceed the dividends paid to our shareholders and a new record for net asset value per share for the eighth consecutive quarter. We believe that these continued strong results demonstrate the sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the continued underlying strength and quality of our portfolio companies. We are also pleased that we generated continued growth in both our lower middle market and private loan investment portfolios and ended the quarter with attractive investment pipelines in both investment strategies, which we expect will be beneficial in the future.”