dividend
confidence high
sentiment neutral
materiality 0.40
Kayne Anderson BDC sells 1.49M shares for $24.6M; declares $0.35/share distribution
Kayne Anderson BDC, Inc.
- Sold 1,485,844 shares at $24.6M aggregate price under subscription agreements with $808.2M total commitment; no underwriting discounts.
- Distribution of $0.35 per share declared Oct 18, paid Oct 25 to holders of record Oct 13, payable in cash or stock via DRIP.
- Share sale exempt from registration under Section 4(a)(2) and Regulation D, relying on accredited investor status of purchasers.