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MAIN Street Capital slides 4.6% to $27.95 after pricing a 2.5M share secondary at $28/share. The...

MAIN Street Capital slides 4.6% to $27.95 after pricing a 2.5M share secondary at $28/share. The immediate use of the proceeds will be to pay down credit lines until new investments can be found. (PR)
Comments (1)
  • wjexchange
    , contributor
    Comments (185) | Send Message
     
    OK, that is what Business Development Companies do. They raise new capital to invest for returns that exceed their cost of capital. That is how why they pay above market dividends to their investors. Another buying opportunity, imo.
    11 Dec 2012, 02:59 PM Reply Like
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