Main Street Capital announces MSC Income Fund's potential listing; special meeting Dec 2, 2024

Main Street Capital CORP

MSC Income Fund filed definitive proxy statement for special meeting on Dec 2, 2024 to vote on proposals for potential stock exchange listing.
Proposals include transitioning MSC Income's investment strategy solely to private loans, enabling a listing and possible follow-on offering.
Upon listing, MSC Income and MSC Adviser will amend advisory agreement to change base management fee and incentive fee structures.
Listing provides growth capital, liquidity option for shareholders, and potential future asset coverage ratio reduction from 200% to 150%.
Main Street expects growth in management fees from MSC Adviser and increased growth potential for its lower middle market portfolio.

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