Endnotes
(1)DNII is NII as determined in accordance with U.S. Generally Accepted Accounting
Principles, or U.S. GAAP, excluding the impact of non-cash compensation expenses,
which includes both share-based compensation expenses and deferred compensation
expense or benefit. Main Street believes presenting DNII per share is useful and
appropriate supplemental disclosure for analyzing its financial performance, since
share-based compensation does not require settlement in cash and deferred
compensation expense or benefit does not result in a net cash impact to Main Street
upon settlement. However, DNII is a non-U.S. GAAP measure and should not be
considered as a replacement for NII and other earnings measures presented in
accordance with U.S. GAAP. Instead, DNII should be reviewed only in connection
with such U.S. GAAP measures in analyzing Main Street’s financial performance. In
order to reconcile estimated DNII per share to estimated NII per share in accordance
with U.S. GAAP for the third quarter of 2025, an estimated $0.06 to $0.07 per share
of non-cash compensation expenses are added back to estimated NII to calculate
estimated DNII per share.
(2)DNII before taxes is NII before taxes as determined in accordance with U.S. GAAP,
excluding the impact of non-cash compensation expenses, which includes both share-
based compensation expenses and deferred compensation expense or benefit. Main
Street believes presenting DNII before taxes per share is useful and appropriate
supplemental disclosure for analyzing its financial performance, since share-based
compensation does not require settlement in cash and deferred compensation expense
or benefit does not result in a net cash impact to Main Street upon settlement, and
since tax expenses may include excise tax expense, which is not solely attributable to
NII, and deferred taxes, which are not payable in the current period. However, DNII
before taxes is a non-U.S. GAAP measure and should not be considered as a
replacement for NII, NII before taxes and other earnings measures presented in
accordance with U.S. GAAP. Instead, DNII before taxes should be reviewed only in
connection with such U.S. GAAP measures in analyzing Main Street’s financial
performance. In order to reconcile estimated DNII before taxes per share to estimated
NII per share in accordance with U.S. GAAP for the third quarter of 2025, an
estimated $0.06 to $0.07 per share of non-cash compensation expenses and an
estimated $0.03 to $0.04 per share of NII related tax expenses are added back to
estimated NII to calculate estimated DNII before taxes per share.
(3)Return on equity equals the net increase in net assets resulting from operations
divided by the average quarterly total net assets.
(4)No information contained on the Company’s website or disclosed on the November 7,
2025 conference call, including the webcast and the archived versions, is incorporated
by reference in this press release or any of the Company’s filings with the SEC, and
you should not consider that information to be part of this press release or any other
such filing.