Main Street Capital Announces Realized Capital Gain of Approximately $0.07 Per Share

HOUSTON, March 25 /PRNewswire-FirstCall/ -- Main Street Capital Corporation (Nasdaq: MAIN) ("Main Street") announced today that it has realized a capital gain of approximately $0.07 per share as a result of fully exiting its warrant position in KBK Industries, LLC ("KBK"). KBK is a leading manufacturer of fiberglass tanks and related products primarily utilized in the oilfield and agricultural end markets. Main Street currently estimates that $0.07, or approximately 20%, of its first quarter dividend distribution of $0.34 per share that was paid on March 21, 2008 to stockholders of record on February 15, 2008, will be treated as long-term capital gain for tax purposes based upon this transaction.


Main Street ( is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street's investments are generally made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives to its portfolio companies.


Main Street cautions that statements in this press release that are forward-looking and provide other than historical information involve risks and uncertainties that may impact our future results of operations. The forward-looking statements in this press release are based on current conditions and include statements regarding our goals, beliefs, strategies and future operating results and cash flows, including but not limited to our estimates of allocation for the first quarter dividend between long-term capital gain and ordinary taxable income. Although our management believes that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including, without limitation: our continued effectiveness in raising, deploying and managing capital; adverse changes in the economy generally or in the industries in which our portfolio companies operate; changes in laws and regulations that may adversely impact our operations or the operations of one or more of our portfolio companies; the operating and financial performance of our portfolio companies; retention of key investment personnel; competitive factors; and such other factors described under the captions "Special Note Regarding Forward-Looking Statements" and "Risk Factors" included in our filings with the Securities and Exchange Commission ( We undertake no obligation to update the information contained herein to reflect subsequently occurring events or circumstances, except as required by applicable securities laws and regulations.

     Main Street Capital Corporation
     Todd A. Reppert, President and CFO

     Dennard Rupp Gray and Easterly, LLC
     Ken Dennard / 713-529-6600
     Augustine Okwu / 404-532-0086

SOURCE Main Street Capital Corporation