Main Street Capital Updates Model for Capital Raising

Main Street Capital MAIN is adjusting their model to reflect equity capital raise and higher capital deployment projections. Morgan Keegan is now projecting 2010 total investment income of $35.4 million. Morgan Keegan believes the company’s relatively conservative approach, liquidity position and asset value offer significant downside protection in the current economic environment. They remain very comfortable with the outlook, with no new non-accruals reported during the second quarter and the sale of one non-accruals asset in Q3 indicating stable credit quality and a rationalization of weaker assets. In the event of a further weakening of the US economy that Main Street Capital's asset base should be relatively well positioned, as survivors of the first downturn. MAIN closed yesterday at $15.05