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  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
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  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "The slide outlines the three pillars of their regulatory structure: BDC, RIC, and SBIC.",
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      "text": "Highly regulated structure provides significant advantages and protections to our shareholders, including investment transparency, tax efficiency and beneficial leverage",
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      "text": "Operates as a Business Development Company\n- Regulated by Securities and Exchange Commission - 1940 Act\n- Publicly-traded, private investment company",
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      "text": "Small Business Investment Company (SBIC) subsidiaries\n- Regulated by the SBA\n- Access to low cost, fixed rate, long-term leverage guaranteed by the U.S. government\n- Total SBIC debenture regulatory financing capacity of $350.0 million\n- Total outstanding leverage of $334.0 million through two wholly owned SBIC funds; $16 million of licensed capacity for additional debentures\n- MAIN is a previous SBIC of the Year Award recipient",
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      "text": "Regulated Investment Company (RIC) tax structure\n- Eliminates corporate level income tax\n- Efficient tax structure providing high yield to investors\n- Passes through capital gains to investors",
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