Main Street Announces Dual Listing on NYSE Texas
Rhea-AI Summary
Main Street Capital Corporation (NYSE: MAIN) has announced its dual listing on NYSE Texas, a new fully electronic equities exchange based in Dallas. As a Founding Member of NYSE Texas, Main Street will maintain its primary listing on the New York Stock Exchange while trading under the same "MAIN" ticker symbol on both exchanges.
The Texas-based investment firm's CEO Dwayne L. Hyzak emphasized that this dual listing reflects their Texas roots and commitment to supporting privately-held U.S. businesses through debt and equity financing solutions. The move aligns with their strategy of delivering long-term shareholder value while enabling business growth across the U.S. economy.
Positive
- Status as a Founding Member of NYSE Texas strengthens regional presence
- Enhanced visibility through dual listing while maintaining NYSE primary listing
- Strategic alignment with Texas-based operations and market expansion
Negative
- None.
News Market Reaction
On the day this news was published, MAIN declined 0.61%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"As a
"We're thrilled to have Main Street as a Founding Member. As a
Main Street will maintain its primary listing on the New York Stock Exchange and trade with the same "MAIN" ticker symbol on NYSE Texas.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
View original content:https://www.prnewswire.com/news-releases/main-street-announces-dual-listing-on-nyse-texas-302532594.html
SOURCE Main Street Capital Corporation