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  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
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  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-08-01 00:00:00",
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  "notes": "The table tracks regulatory compliance and leverage headroom from 2018 to Q2 2023.",
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      "text": "Passage of the Small Business Credit Availability Act in December 2017 provided the opportunity for BDCs to obtain board or shareholder approval to access additional leverage by lowering the required asset coverage to 1.50x",
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      "text": "MAIN has historically operated at conservative regulatory leverage levels, in all cases with significant cushion to the 1.50x regulatory limits, and proven through historical performance that MAIN does not require access to additional leverage to generate market leading returns",
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      "text": "MAIN received shareholder approval, effective as of May 3, 2022, to adopt the 1.50x asset coverage ratio",
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      "text": "(1) Calculated per BDC regulations; SBIC Debentures are not included as “senior debt” for purposes of the Minimum Asset Coverage Ratio requirements pursuant to exemptive relief received by MAIN\n(2) We received shareholder approval, effective as of May 3, 2022, to adopt the 1.5x asset coverage ratio (decreased from the previously required asset coverage ratio of 2.0x)",
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