{
  "docId": "019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "docSlug": "2e9fbb613837048464351063cd777af9",
  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 71,
  "pageCount": 132,
  "prevPage": 70,
  "nextPage": 72,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-2aae-76c5-b03c-c7f203c7f0b5/71",
  "deckHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "deckJsonHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5.json",
  "deckAnchorHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5#slide-71",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.25,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "callout",
      "text": "MAIN plans to retain future realized gains for reinvestment",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23246a2f-f182-4156-ae7b-60f76a91dfbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.6,
        "x": 0.34,
        "y": 0.5
      },
      "kind": "list",
      "text": "Supplemental Dividends, if any, would be at a discount to actual excess earnings\nAny Supplement Dividends would also be in arrears on a quarterly basis, providing additional flexibility\nIn March 2023, MAIN declared its largest and seventh consecutive quarterly supplemental dividend to be paid in June 2023, with this supplemental dividend representing only 57% of the DNII in excess of the monthly dividend for the first quarter of 2023",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "724866c6-bdbb-4954-a6ba-3f1c86aaad11",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.34,
        "y": 0.3
      },
      "kind": "list",
      "text": "LMM portfolio continues to perform at a very high level, providing opportunity for additional realized gains in the future",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b45151de-41e6-493b-a359-041d3a49b2f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.34,
        "y": 0.4
      },
      "kind": "paragraph",
      "text": "We expect to recommend that our Board declare future Supplemental Dividends only to the extent Distributable Net Investment Income (DNII) significantly exceeds monthly dividends paid in future quarters",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a39b528b-b798-41c6-9e14-d709b36fd172",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.34,
        "y": 0.18
      },
      "kind": "paragraph",
      "text": "Current plan is to retain capital from realized gains on our equity investments for future reinvestment purposes (as opposed to paying these realized gains out as supplemental dividends) as another tool to maintain conservative leverage",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0c0fd79-c9d1-4fb1-a5cf-f9c229c13d10",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "Retention of Future Realized Gains / Supplemental Dividends",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "94790129-d681-44bb-a5e2-73949ece5873",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Thesis archetype",
      "slug": "thesis-archetype",
      "agent": null,
      "layer": "slide",
      "matchId": "96e62f01-7872-4154-94d6-8a281468dd3e",
      "evidence": "MAIN plans to retain future realized gains for reinvestment",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}