Main Street Capital Corporation

Main Street Capital Corporation ( MAIN ) Q3 2026 Earnings Call November 6, 2026 10:00 AM EST Company Participants Dwayne Hyzak - CEO, Senior MD & Member of the Board David Magdol - President, Senior MD & Chief Investment Officer Ryan Nelson - CFO & Treasurer Nicholas Meserve - MD & Group Head of Private Credit Conference Call Participants Zach Vaughan - Dennard Lascar Associates, LLC Robert Dodd - Raymond James & Associates, Inc., Research Division Arren Cyganovich - Truist Securities, Inc., Research Division Neo Eloff - Citizens Bank, National Association Cory Johnson - UBS Investment Bank, Research Division Presentation Operator Greetings. Welcome to the Main Street Capital Third Quarter Earnings Conference Call.

A pre-tax 401(k) hides a tax bill nobody has paid yet, and the way you settle it can swing the cost by six figures. One timing choice, plus a December 31 deadline, decides how much of the balance you actually keep.

Main Street Capital (MAIN) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.97 per share a year ago.

Third Quarter 2026 Net Investment Income of $0.32 Per Share Third Quarter 2026 Adjusted Net Investment Income (1) of $0.34 Per Share Third Quarter 2026 Adjusted Net Investment Income Before Taxes (2) of $0.36 Per Share Net Asset Value of $16.56 Per Share HOUSTON, Nov. 5, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce its financial results for the third quarter ended September 30, 2026. Third Quarter 2026 Highlights Net investment income ("NII") of $14.4 million, or $0.32 per share Adjusted net investment income ("ANII")(1) of $15.3 million, or $0.34 per share ANII before taxes(2) of $16.3 million, or $0.36 per share Total investment income of $35.5 million Net increase in net assets resulting from operations of $18.1 million, or $0.40 per share Return on equity(3) of 9.7% on an annualized basis for the quarter and 12.3% for the trailing twelve-month period ended September 30, 2026 Net asset value of $16.56 per share as of September 30, 2026, representing an increase of $0.05 per share, or 0.3%, compared to $16.51 per share as of June 30, 2026 and $0.71 per share, or 4.5%, compared to $15.85 per share as of December 31, 2025 Declared regular monthly dividends totaling $0.33 per share for the fourth quarter of 2026, or $0.11 per share for each of October, November and December 2026 Declared a supplemental dividend of $0.03 per share, payable in December 2026, resulting in total dividends declared in the third quarter of 2026 of $0.36 per share Completed $61.4 million in total private loan portfolio investments, which after aggregate repayments, return of invested equity capital and a decrease in cost basis due to realized losses resulted in a net decrease of $10.5 million in the total cost basis of the private loan investment portfolio Realized a gain of $11.0 million on the exit of investments in Core Transformers, a private loan portfolio company Enhanced the Fund's capital structure by issuing $75.0 million in aggregate principal amount of 6.83% unsecured notes due September 30, 2029 (the "September 2029 Notes"), the first of two $75.0 million issuances under a $150.0 million private notes offering Entered into a share repurchase plan to facilitate the repurchase of up to $20.0 million of the Fund's shares for a period beginning in September 2026 and ending in February 2027, at times when the Fund's market price per share is trading below the most recently reported net asset value per share by certain pre-determined levels In commenting on the Fund's operating results for the third quarter of 2026, Dwayne L.