TSLX reports Q4 earnings; NAV $16.98; forms $200M JV with Carlyle; declares $0.46 dividend

Sixth Street Specialty Lending, Inc.

2025-FY EPS reported $1.81

Full year 2025 NII $2.23/share, net income $1.81/share; adjusted NII $2.18, adjusted NI $1.76.
Q4 2025 NII $0.53/share, net income $0.32/share; adjusted NII $0.52, adjusted NI $0.30.
NAV per share $16.98 (down from $17.14 in Q3); economic return for 2025 was 10.9%.
Q1 2026 base dividend $0.46/share (payable Mar 31); Q4 supplemental $0.01/share (payable Mar 20).
Formed Structured Credit Partners JV with Carlyle; TSLX committed $200M; not yet operational.

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