BCSF reports Q1 NII $0.53/share, NAV up to $17.70; declares $0.42 dividend

Bain Capital Specialty Finance, Inc.

2024-Q1 EPS reported $0.55

NII per share $0.53 ($34.0M), net income $0.55 ($35.1M); annualized NII yield on book value 12.0%.
NAV per share $17.70, up $0.10 from Q4; investment portfolio fair value $2.41B.
Q2 2024 dividend $0.42/share plus additional $0.03, payable July 29 to holders of record June 28.
Non-accrual investments declined to 1.0% of portfolio fair value (1.7% at cost).
Gross fundings $403.1M in 83 companies; Fitch affirmed BBB- rating; net debt-to-equity 1.09x.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bain Capital Specialty Finance, Inc. reported first quarter ended March 31, 2024 results: revenue $74.5 million, net income $34.0 million or $0.53 per share, EPS $0.55.

Period: first quarter ended March 31, 2024
Revenue: $74.5 million
Net income: $34.0 million or $0.53 per share
EPS: $0.55
Result: reported results

Exact text from the filing

investments at fair value were in floating rate securities. RESULTS OF OPERATIONS For the three months ended March 31, 2024 and December 31, 2023, total investment income was $74.5 million and $74.9 million, respectively. The decrease in investment income was primarily due to a decrease in interest and dividend income, partially offset by an increase in other

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Source: SEC EDGAR

accession 0000950170-24-053664

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