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  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
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  "presentationDate": "2024-02-01 00:00:00",
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  "notes": "LMM stands for Lower Middle Market.",
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      "text": "Focus on LMM equity investments and efficient operating structure differentiates MAIN and provides opportunity for significant total returns for our shareholders",
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      "text": "NAV growth of $16.35 per share (or 127%) since 2007; Cumulative net realized gains from LMM portfolio investments of $75.1 million since MAIN’s initial public offering; Approximately $5.78 per share in cumulative, pre-tax net unrealized appreciation on LMM portfolio at December 31, 2023; Realized gains provide opportunities for additional returns in excess of net investment income",
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      "text": "Internally managed operating structure provides significant operating leverage",
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      "text": "Equity investments in LMM portfolio provide the opportunity to grow net asset value (NAV) per share and generate recurring dividend income and periodic realized gains to support MAIN’s dividend growth",
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      "text": "Favorable ratio of total expenses, excluding interest expense, to average total assets of approximately 1.3%; Greater portion of gross portfolio returns are delivered to our shareholders; Attractive and growing Asset Management Business benefits MAIN’s shareholders; Significant positive impact to Net Investment Income (NII); Alignment of interests between MAIN management and our shareholders",
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      "text": "(1) Based upon the year ended December 31, 2023 (2) MAIN’s Initial Public Offering, or IPO, occurred in October 2007",
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      "text": "MAIN is a Principal Investor in Private Debt and Equity",
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