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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 emphasizes the benefits of an internal management structure over external management, specifically focusing on cost ratios and alignment of interests.",
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      "text": "MAIN’s internally managed operating structure provides significant operating leverage and greater returns for our shareholders",
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      "text": "(1) Total expenses excluding interest expense (2) Based upon the trailing twelve month period ended March 31, 2023 (3) See calculation of non-cash compensation expenses on page 38 and non-GAAP information disclosures on page 48",
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      "text": "“Internally managed” structure means no external management fees or expenses are paid. Alignment of interest between management and investors: Greater incentives to maximize shareholder value; 100% of efforts benefit investors.",
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      "text": "MAIN targets total operating expenses as a percentage of average assets at or less than 2%. Long-term results outperformed target; industry leading position with 1.4% ratio.",
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      "text": "Significant portion of total operating expenses are non-cash. Non-cash compensation expenses were 24.9% of total; Operating Expense to Assets Ratio of 1.1% excluding non-cash compensation.",
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